Economy

Copom decides on Wednesday whether to cut or maintain the Selic Rate

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 04/11/2026, 10:24:23 UTC.

Briefings

The Brazilian Central Bank's Committee on Monetary Policy (Copom) held its final meeting of the year on November 4, 2026, to decide on the annual interest rate. Despite recent dollar increases, market analysts expect a reduction in the Selic rate from 13.75% to 13.5% annually. The decision will be announced at the start of the evening session, with the committee facing a vacancy due to the expiration of the mandates of ex-directors Renato Gomes and Diego Guillen. The meeting occurred during a period of economic uncertainty characterized by high inflation projections, fiscal pressure, and external factors like El Niño.

Key points

• The Copom meeting on November 4, 2026, is the final annual session of the year, with analysts expecting a reduction in the Selic rate from 13.75% to 13.5% annually.
• The decision to reduce the Selic rate will be announced at the start of the evening session, pending the resolution of vacancies in the Copom's executive committee.

Context

The Brazilian Central Bank's Copom meeting on November 4, 2026, is the final annual session of the year, with analysts expecting a reduction in the Selic rate from 13.75% to 13.5% annually. The decision will be announced at the start of the evening session, pending the resolution of vacancies in the Copom's executive committee. The meeting occurred during a period of economic uncertainty characterized by high inflation projections, fiscal pressure, and external factors like El Niño.

Limitations

The evidence is limited to the Copom meeting report and related news articles from November 2026. It does not include the final decision outcome, the exact timing of the announcement, or the specific actions taken by the Copom members regarding the vacancies. The source does not provide details on the economic impact of the rate change or the specific reasons for the rate reduction beyond market expectations.

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