Brazil once again has the highest real interest rates in the world
RIO DE JANEIRO, BRAZIL – The country was in second position but ‘recovered’ the top with the Selic high to 10.75% on Wednesday (2). Ranking takes into account the interest rates practiced in 40 countries.
Brazil is once again the country with the highest real interest rate globally, according to a ranking compiled by MoneYou and Infinity Asset Management.
The country had already taken the lead in October last year, but Turkey overtook it in December, which has now dropped to 8th place.
Brazil retook the top of the ranking after the Monetary Policy Committee (Copom) decision of the Central Bank to raise the country’s introductory interest rate to 10.75% on Wednesday (2).
Selic on the rise: what is the impact of the interest rate on the economy?
With the new Selic, the real interest rate, discounting inflation (read more below), reached 6.41% per year.
The real interest rate is calculated after discounting the inflation forecast for the next 12 months and is considered a better measure compared to other countries.
With information from G1
More: Brazil news in English, every day from The Rio Times.
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief