Brazil surpasses Brics and Latin American countries in real interest rate ranking and consolidates in second place

With the maintenance of the basic interest rate (Selic) at 15% by the Central Bank, Brazil maintained the second position in the global ranking of real interest rates, with a rate of 9.51%. The country jumped from third to second place in June, when the Selic was raised. ‘Brazil is only surpassed by Turkey, which has a real interest rate of 12.34% per year, the highest level among 40 countries,’ said a financial analyst. This positioning demonstrates the economic scenario of high interest rates in Brazil in comparison to other emerging markets.