Brazil’s public debt level to rise by US$113 billion, with Selic at 13.25% -newspaper

The one percentage point increase announced Wednesday (4) already adds R$387.3 billion to the debt level. The calculation was made by RYO Asset's chief economist, Gabriel Leal de Barros, at the request of the Poder360 newspaper.

RIO DE JANEIRO, BRAZIL - The cost of Brazil's public debt is expected to increase by R$580.1 (US$113) billion in 12 months, with the prime rate (Selic) at 13.25% per year, the rate estimated by the financial market for 2022.

The chief economist calculated RYO Asset, Gabriel Leal de Barros, at the request of the Poder360 newspaper.

The economist calculated the additional amount to be paid if the BC (Central Bank) raises . . .

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