Economy
Brazil retains world's highest real interest rate after Central Bank decision
With the Selic rate held at 13.75% per year, Brazil leads the global real interest rate ranking at 9.49%, driven by fiscal policy and economic uncertainty.
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The essentials of this story
- What happened
- The Central Bank kept the Selic rate at 13.75% per year, halting the cycle of interest rate cuts.
- Who is affected
- Brazilian consumers, businesses, and investors, who are affected by the cost of credit and contractionary monetary policy.
- What changes
- Brazil consolidates its position as the country with the highest real interest rate in the world, keeping the cost of credit at elevated levels.
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Sources
- Com manutenção da Selic, Brasil segue com maior juro real do mundo — O Globo
- Brasil mantém maior taxa de juros reais do mundo após manutenção da Selic — CNN Brasil
- Brasil segue na liderança do ranking de juros reais após manutenção da Selic — Folha de S.Paulo — em cima da hora
