With Copom’s determination, Brazil continues with the best actual rate of interest on the earth

País remained on the podium for the 4th consecutive time; The Central Bank’s Monetary Policy Committee maintained the Brazilian basic interest rate at 13.75%.

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 ratesaccording to a survey compiled by MoneYou and Infinity Asset Management.

In a decision this Wednesday (22), 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 5.56%, real interest rates stood at 6.94% – enough to keep the country at the top of the list, above Mexico, Chile, Philippines It is Indonesia.

The real interest rate is calculated by subtracting expected inflation for the next 12 months, and is considered a better measure for comparison with other countries.

nominal interest

Considering nominal interest (without discounting inflation), the Brazilian rate remained in second position – behind only Argentina, where the rate is 78%, but where hyperinflation brings down the real rate.

See below:

1. Argentina: 78%
2. Brazil: 13.75%
3. Hungary: 13%
4. Colombia: 12.75%
5. Chile: 11.25%
6. Mexico: 11%
7. Turkey: 8.5%
8. Russia: 7.5%
9. South Africa: 7.25%
10. Czech Republic: 7%
11. Poland: 6.75%
12. Philippines: 6%
13. Indonesia: 5.75%
14. India: 5.4%
15. Hong Kong: 5%
16. United States: 5%
17. New Zealand: 4.75%
18. Canada: 4.5%
19. China: 4.35%
20. Israel: 4.25%
21. United Kingdom: 4.25%
22. Singapore: 3.79%
23. Australia: 3.6%
24. South Korea: 3.5%
25. Germany: 3.5%
26. Austria: 3.5%
27. Belgium: 3.5%
28. Spain: 3.5%
29. France: 3.5%
30. Greece: 3.5%
31. Netherlands: 3.5%
32. Italy: 3.5%
33. Portugal: 3.5%
34. Sweden: 3%
35. Malaysia: 2.75%
36. Denmark: 2.6%
37. Taiwan: 1.75%
38. Thailand: 1.63%
39. Japan: -0.10%
40. Switzerland: -0.75%

Source: G1