Proposal to limit Selic scares the market and reignites debate about bills and interest
Oeste Sem Filtro program on November 2nd brings together criticism of fiscal adjustment, debate on interest rates and tensions with the USA
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM REVISTA OESTE · 3 MIN
According to Revista Oeste, Lara Resende's proposal to limit the Selic was the topic that most scared the market in the November 2, 2026 edition of the Oeste Sem Filtro program. The program, which airs from Monday to Friday, from 5:45 pm to 7:45 pm, is presented by Paula Leal and has commentators Ana Paula Henkel, Augusto Nunes and Adalberto Piotto.
In the field of interest, the idea of controlling the price of money returned to public debate. According to the same source, Durigan denied that the government would discuss interest rate adjustments. For the liberal line of this newspaper, setting rates tends to distort credit, and limiting the Selic, the main instrument of monetary policy, raises doubts about the autonomy of the Central Bank.
On the fiscal front, Boulos spoke of market blackmail regarding the adjustment of accounts and defended cuts in tax relief and super wages. The central question is which expenses and waivers go into this account, and not just how the market reacts to the debate.
On the external front, Revista Oeste reported that the Lula government is awaiting the election in the United States to define the direction of the bilateral relationship. In the same context of tension, Iran proposed reopening the Strait of Hormuz in two days, if the United States accepts its conditions.
The program also dealt with Dilma's explanation of what she called "storing wind", a technology that, according to the source, is already used by a Chinese giant. Among other matters, the Ministry of Justice raised the rating of Record's biblical cartoons, and Flávio stated that Globo refused an uncut interview and attributed the refusal to fear.
What changes for the investor
For those who operate the stock market, Nasdaq, interest rates and the dollar, the point of attention is the predictability of the rules. A proposal to limit the Selic tends to increase uncertainty about monetary policy, which could be reflected in future interest rates, the risk premium and the exchange rate. The debate about tax relief and super wages, in turn, concerns the trajectory of public accounts, a variable that the market follows closely. In the case of Hormuz and the relationship with Washington, the risk is external: changes in the flow of oil and perceptions of the United States could affect expected inflation, emerging currencies and appetite for risky assets, including the Nasdaq. None of this indicates price direction, and the reading depends on how each theme progresses.
Automatically translated from Portuguese.
