Copom holds Selic at 13.75%

Wed, Nov 4Monetary policy

What happenedCopom decided to maintain the taxa básica de juros at 13.75% per year, a unanimous decision.
WhyThe decision was made due to increased uncertainties and expectations of inflation being above the target.
Market impactA higher Selic rate can make borrowing costlier and may impact the economy, as well as the value of the real.
What to watchInvestors will be watching for the next Copom meeting and potential changes to the Selic rate.

Ibovespa that day +1.23%Source: Estadão + 4 more outlets

How it works. Three hours after the B3 close, we pick the Brazil economy and markets story that mattered most in the session from public headlines, and an AI model summarizes it using only the facts in those headlines. Read the full story at the source. Not investment advice.