Brazil's Central Bank Pauses Rate-Cutting Cycle
Published . Updated .
Key takeaways
- Brazil's central bank kept the benchmark Selic rate unchanged at 13.75% at its November meeting, pausing its rate-cutting cycle as worsening inflation expectations and mounting fiscal pressure complicate the policy outlook.Expectations for loose public spending are driving
- Exposed: EWZ, CEW, EMB, EMLC, EEM
- Market reaction: price tracking starts with the next trading session.
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Brazil's central bank kept the benchmark Selic rate unchanged at 13.75% at its November meeting, pausing its rate-cutting cycle as worsening inflation expectations and mounting fiscal pressure complicate the policy outlook.Expectations for loose public spending are driving
Directly affected
- No company is named in this report.
Indirectly affected
- EWZ iShares MSCI Brazil ETF-15.1% 30d
iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”).
- CEW WisdomTree Emerging Currency Strategy Fund
WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from Brazil.
- EMB iShares J.P. Morgan USD Emerging Markets Bond ETF-2.6% 8d
iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Brazil
- EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-2.9% 30d
VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Brazil.
- EEM iShares MSCI Emerging Markets ETF-1.7% 19d
iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Brazil
- PBR Petróleo Brasileiro S.A. - Petrobras
Petróleo Brasileiro S.A. - Petrobras (crude petroleum and natural gas) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.
- ITUB Itaú Unibanco Holding S.A+22.7% 5d
Itaú Unibanco Holding S.A (state commercial banks) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.
- NU Nu Holdings
Nu Holdings (finance services) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| EWZ | +2.70% | -0.34% | base | after close | after close | after close | after close |
| CEW | +0.00% | +0.00% | base | after close | after close | after close | after close |
| EMB | -0.15% | -0.65% | base | after close | after close | after close | after close |
| EMLC | -0.22% | -0.61% | base | after close | after close | after close | after close |
| EEM | +1.82% | -0.81% | base | after close | after close | after close | after close |
| PBR | +11.68% | +7.96% | base | after close | after close | after close | after close |
| ITUB | +1.24% | -1.51% | base | after close | after close | after close | after close |
| NU | +0.67% | -2.96% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Brazil's Central Bank Pauses Rate-Cutting Cycle TradingView
Source: TradingView
Price since this story was published: Ishares Msci Brazil Etf (EWZ)
| Company | When | Move | Status |
|---|---|---|---|
| Wisdomtree Tr (CEW) | three days earlier | 0.00% | final price |
| Wisdomtree Tr (CEW) | five days earlier | 0.00% | final price |
| Ishares Tr (EEM) | three days earlier | -0.81% | final price |
| Ishares Tr (EEM) | five days earlier | +1.82% | final price |
| Ishares Tr (EMB) | three days earlier | -0.65% | final price |
| Ishares Tr (EMB) | five days earlier | -0.15% | final price |
| Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) | three days earlier | -0.61% | final price |
| Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) | five days earlier | -0.22% | final price |
| Ishares Msci Brazil Etf (EWZ) | three days earlier | -0.34% | final price |
| Ishares Msci Brazil Etf (EWZ) | five days earlier | +2.70% | final price |
| Itau Unibanco Holding S.A (ITUB) | three days earlier | -1.51% | final price |
| Itau Unibanco Holding S.A (ITUB) | five days earlier | +1.24% | final price |
| Nu Holdings (NU) | three days earlier | -2.96% | final price |
| Nu Holdings (NU) | five days earlier | +0.67% | final price |
| Petrobras - Petroleo Brasileiro (PBR) | three days earlier | +7.96% | final price |
| Petrobras - Petroleo Brasileiro (PBR) | five days earlier | +11.68% | final price |
Who gains and who loses around Ishares Msci Brazil Etf (EWZ)
Companies mentioned with this story
- EWZ Ishares Msci Brazil Etf
For “Brazil's Central Bank Pauses Rate-Cutting Cycle,” Ishares Msci Brazil Etf (EWZ) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”)
- CEW Wisdomtree Tr
In “Brazil's Central Bank Pauses Rate-Cutting Cycle,” Wisdomtree Tr (CEW) is linked, with no stored direction, medium confidence. Reason on file: WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from Brazil
- EMB Ishares Tr
For “Brazil's Central Bank Pauses Rate-Cutting Cycle,” Ishares Tr (EMB) is linked, with no stored direction, medium confidence. Reason on file: iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Brazil
- EMLC Vaneck J. P. Morgan Em Local Currency Bond Etf
For “Brazil's Central Bank Pauses Rate-Cutting Cycle,” Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) is linked, with no stored direction, medium confidence. Reason on file: VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Brazil
- EEM Ishares Tr
In “Brazil's Central Bank Pauses Rate-Cutting Cycle,” Ishares Tr (EEM) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Brazil
- PBR Petrobras - Petroleo Brasileiro
For “Brazil's Central Bank Pauses Rate-Cutting Cycle,” Petrobras - Petroleo Brasileiro (PBR) is linked, with no stored direction, medium confidence. Reason on file: Petróleo Brasileiro S.A. - Petrobras (crude petroleum and natural gas) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares
- ITUB Itau Unibanco Holding S.A
In “Brazil's Central Bank Pauses Rate-Cutting Cycle,” Itau Unibanco Holding S.A (ITUB) is linked, with no stored direction, medium confidence. Reason on file: Itaú Unibanco Holding S.A (state commercial banks) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares
- NU Nu Holdings
In “Brazil's Central Bank Pauses Rate-Cutting Cycle,” Nu Holdings (NU) is linked, with no stored direction, medium confidence. Reason on file: Nu Holdings (finance services) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares
How “Brazil's Central Bank Pauses Rate-Cutting Cycle” reaches Ishares Msci Brazil Etf (EWZ)
“Brazil's Central Bank Pauses Rate-Cutting Cycle” (4 Nov 2026) reaches Ishares Msci Brazil Etf (EWZ) through this story.
For Ishares Msci Brazil Etf (EWZ), the reason on file says iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”)
A second company, Wisdomtree Tr (CEW), is listed for a different reason: WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from Brazil
Dates in the story, and the Ishares Msci Brazil Etf (EWZ) price range
EMB traded between 90.23 and 91.35 across 6 sessions. The latest close on file is 91.26. EWZ traded between 31.40 and 43.77 across 20 sessions. The latest close on file is 31.74.
What the saved facts support for Ishares Msci Brazil Etf (EWZ)
46 out of 100
“Brazil's Central Bank Pauses Rate-Cutting Cycle” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.