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Why interest rates in Brazil are high

By Artur Piva

In a recent interview, André Lara Resende said that the basic interest rate of the economy in Brazil, set by the Central Bank, is deeply flawed.

Member of the Strategic Affairs Commission of the BNDES, the economist said that no fiscal risk justifies the value at the current level (13.75% per year).

Among the arguments, the data according to which Brazil's public debt is proportionally lower than that of developed countries . . .

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