Brazil's central bank ends run of rate cuts after Lula election win

BRASILIA, Nov 4 (Reuters) - Brazil's central bank on Wednesday ended a run of interest rates cuts that began in March and ⁠kept borrowing costs on hold as it faced the prospect of higher inflation following President Luiz Inacio Lula ⁠da Silva's reelection.

The central bank's rate-setting committee, Copom, unanimously voted to ⁠keep its benchmark Selic rate at 13.75%, as ⁠expected by 33 of ⁠48 economists polled by Reuters.

Reporting by Marcela Ayres Editing by William Schomberg