Economy and macroUpdated November 4

Brazil's central bank holds rates at 13.75%, ending five cuts.

Before the decision, a pause in Brazil’s rate cuts was still only expected. The central bank has now held its key rate at 13.75%, ending five consecutive cuts. The decision followed President Luiz Inácio Lula da Silva’s surprise reelection, which roiled financial markets and worsened the inflation outlook. What had been a forecast is now the actual break in the cutting streak.

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Coverage started November 4