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Economy

Copom halts rate cut cycle and keeps Selic at 13.75% per year

The Central Bank's unanimous decision reflects concerns over inflation and fiscal uncertainty, ending a streak of five consecutive cuts since March 2026.

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The essentials of this story

What happened
The Central Bank halted the downward trajectory of the benchmark interest rate, keeping it at 13.75% per year.
Who is affected
Brazilian economic agents, investors, and consumers who rely on credit and monitor inflation trends.
What changes
The interruption of the cut cycle ends the expectation of immediate interest rate reductions, keeping the cost of credit high while the Central Bank evaluates the fiscal and inflationary landscape.

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Sources

  1. Mercado chega à semana do Copom com expectativa por fim do corte de juros — CNN Brasil (accessed 11/02/2026)
  2. Futuro da Selic depende do governo Lula após Copom manter taxa em 13,75%, dizem analistas — UOL — notícias (accessed 11/05/2026)
  3. Selic fica em 13,75%: entenda em 8 pontos a decisão do BC de interromper os cortes de juros no Brasil — O Globo (accessed 11/05/2026)
  4. Notícia no Seu Tempo: Após eleição, BC interrompe cortes e mantém Selic a 13,75% — Estadão — Brasil (accessed 11/05/2026)