The STF postponed deliberations on whether to investigate Justice Moraes, Lula tries to distance himself from the STF crisis, and the Copom will decide on the new benchmark interest rate today

BRAZIL POLITICS - Report 16 Sep 2026 by Murillo de Aragão and Cristiano Noronha

As expected, Brazil’s Supreme Federal Court (STF) postponed its decision on whether to open an investigation into Justice Alexandre de Moraes. The proceedings were suspended after Justice Flávio Dino requested additional time to review the case. Under the Court’s internal rules, Dino’s request for additional review time may last up to 90 days, meaning the case could remain suspended until December 15. Lula has sought to distance himself from the STF crisis. In an interview with Record yesterday, he said that anyone who committed wrongdoing at the Supreme Court must be tried and punished. The Brazilian Central Bank’s Monetary Policy Committee (Copom) will announce its decision today on the benchmark interest rate, the Selic, which currently stands at 14% per year. The expectation is for the Selic rate to be reduced to 13.75% per year.

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