Brazil continues to have the highest real interest rate in the world

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País maintained the podium for the 4th consecutive time; Monetary Policy Committee (Copom) of the Central Bank maintained the basic interest rate in Brazil at 13.75%. The Brazilian basic interest rate (Selic) has not risen since June last year, but the country remains at the top of the global ranking of real interest rates, according to a survey compiled by MoneYou and Infinity Asset Management. In a decision this Wednesday (1st), the Monetary Policy Committee (Copom) of the Central Bank maintained the Brazilian basic interest rate unchanged, at 13.75% per annum. Discounting expected inflation for the next 12 months, of 5.75%, real interest rates stood at 7.38% – enough to keep the country at the top of the list, above Mexico, Chile, Colombia and Hong Kong. Central Bank Headquarters in Brasilia Raphael Ribeiro/BCB The real interest rate is calculated with the abatement of the expected inflation for the next 12 months, being considered a better measure for comparison with other countries. SEE THE RANKING BELOW: Nominal interest Considering nominal interest (without discounting inflation), the Brazilian rate remained in second position – only behind Argentina, where the rate is 75%, but where hyperinflation brings down the real rate. See below: Argentina: 75% Brazil: 13.75% Hungary: 13% Colombia: 12.75% Chile: 11.25% Mexico: 10.5% Turkey: 9% Russia: 7.5% South Africa: 7 .25% Czech Republic: 7% Poland: 6.75% Indonesia: 5.75% Philippines: 5.5% India: 5.4% Hong Kong: 4.75% United States: 4.75% Canada: 4. 5% China: 4.35% United Kingdom: 3.5% New Zealand: 4.25% Israel: 3.75% Singapore: 3.56% South Korea: 3.5% Australia: 3.1% Sweden: 3% Malaysia: 2.75% Germany: 2.5% Austria: 2.5% Belgium: 2.5% Spain: 2.5% France: 2.5% Greece: 2.5% Netherlands: 2.5% Italy: 2.5% Portugal: 2.5% Taiwan: 1.75% Denmark: 1.75% Thailand: 1.74% Japan: -0.10% Switzerland: -0.75%

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