Copom decision was announced on Wednesday (29), raising the country’s basic interest rate to 13.25% per year; Ranking elaborated by Money You points Argentina first
Brazil continues to occupy the second position in the world ranking of countries with the highest real interest rates, after the increase in the basic interest rate on Wednesday (30), after the (Central Bank Monetary Policy Committee) Increased one point in. According to a survey conducted by Money You, Brazil’s real interest rate is currently 9.18%, behind only Argentina, which leads with 9.36%. A, which was previously in 28th position, rose to first place due to interest rates and inflation. In contrast, Turkey, which led the ranking in December, fell to 28th position.
Brazil’s position in the ranking is the result of a combination of economic factors. The Selic rate, set at 13.25% per year, along with the 5.50% inflation projection for the next 12 months, according to the Focus report, disclosed by the central elements in this scenario. In addition, the country’s economic context is influenced by tax reasons, worries about spending control, pressured inflation, and US monetary policy, which maintains the valued dollar. Interest rate changes may impact Brazil’s position on the ranking. An increase in half a percentage point, for example, can lead the country to third position, while an increase of 1.5 percentage points would place it first.
The Brazilian productive sector has expressed significant concerns about the impact of interest rates. The main criticism is that this elevation makes access to credit, increases the indebtedness of the population and public debt. Experts warn that current monetary policy can stifle economic growth and reduce the consumption capacity of the population. The criticism is that monetary policy is misaligned with the country’s real needs, being considered a simplistic response to a complex economic scenario.
*With information from Soraya Lauand
*Report produced with the aid of AI
