Durigan says 13.75% Selic is quite high

In brief

Durigan said the 13.75% Selic is quite high.

He called for conditions for rates to fall.

Verified fact · material
Minister Dario Durigan said on November 5, 2026 that the 13.75% Selic is quite high and very bad for the economy.
Remark.
Sources[01][02]
Verified fact · material
The statement came a day after Copom held the Selic at 13.75%, halting the cutting cycle.
Context.
Sources[01][02]
Verified fact
According to Agência Brasil, Durigan said the government will keep seeking a surplus with gradual adjustments.
Fiscal.
Sources[01]
Verified fact
According to Correio Braziliense, the minister avoided criticizing the Copom decision.
Copom.
Sources[02]

Transmission to assets

Verbal pressure for lower rates does not change the central bank decision but adds noise.

Juros futurosuncertain

Government-central bank noise.

Perceived interference.

What would change the view: Credible adjustment.

rates5% confidence

Direction is an explanatory hypothesis, not a forecast or recommendation.

Next signals

Limits of the reporting