With Copom’s decision, Brazil continues with the highest real interest rate in the world; see ranking

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Country remains at the top of the podium for the 5th consecutive time. Argentina occupies the last position in the list of 40 countries. The Brazilian basic interest rate (Selic) has not risen since June 2022, 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. Argentina occupies the last position in the ranking of 40 countries (see below). In a decision this Wednesday (3), the Monetary Policy Committee (Copom) of the Central Bank kept the basic interest rate unchanged, at 13.75% per annum. Discounting the expected inflation for the next 12 months – 5.32%, according to the BC’s Focus report – real interest rates stood at 6.82%. The rate is enough to keep the country at the top of the list, above Mexico, Colombia, Chile and the Philippines. 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 (not discounting inflation), the Brazilian rate remained in second position – only behind Argentina, where the rate is 91%, but where hyperinflation brings down the real rate. See below: Argentina: 91.00% Brazil: 13.75% Colombia: 13.25% Hungary: 13.00% Chile: 11.25% Mexico: 11.25% Turkey: 8.50% South Africa: 7 .75% Russia: 7.50% Czech Republic: 7.00% Poland: 6.75% India: 6.68% Philippines: 6.25% Indonesia: 5.75% Hong Kong: 5.25% New Zealand: 5.25% United States: 5.00% Canada: 4.50% Singapore: 3.78% Israel: 4.50% China: 4.35% United Kingdom: 4.25% Australia: 3.85% Germany: 3.75% Austria: 3.75% Spain: 3.75% Greece: 3.75% Netherlands: 3.75% Portugal: 3.75% Sweden: 3.75% Belgium: 3.75% France: 3.75% 75% Italy: 3.75% South Korea: 3.50% Malaysia: 3.00% Denmark: 2.60% Thailand: 2.00% Taiwan: 1.88% Japan: -0.10% Switzerland: – 0.75%

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