EWZ: This Is Why Brazilian Stocks Are Rising Even With Interest Rates At 15%

  • Brazil's Central Bank hiked interest rates by 0.25% to 15%, reaching the highest level since 2006. Lula's expansionary fiscal policies clash with contractionary monetary efforts, fueling inflation. Political uncertainty ahead of 2026 elections adds volatility. Market eyes opposition candidate TarcĂ­sio de Freitas.