A survey by Infinity Asset Management shows that Brazil now has the world’s second-highest real interest rate, after the Brazilian Central Bank jacked up benchmark interests by 1 percentage point this week. Since the beginning of the year, the Selic rate has risen from 2 to 6.25 percent.
Discounting inflation, interests reach 3.34 percent, only behind Turkey’s 4.96 percent. The Central Bank’s decision to conduct steep interest hikes is part of a strategy to curb inflation, which has inched closer to the 10-percent mark over the 12-month period. The upper limit of the government’s target band sits at 5.25 percent.
Data from the 2022 Census released today by the Brazilian Institute of Geography and Statistics…
Much has changed since President Luis Abinader of the Dominican Republic first came to prominence…
The Federal Prosecution Office said the investigation into a coup attempt led by former far-right…
Following the interest rate easing cycle initiated by the Brazilian Central Bank’s Monetary Policy Committee…
Brazil’s Senate on Wednesday approved a lackluster bill with regulations for climate change adaptation plans,…
The Ibre-FGV GDP monitor, a tool to predict economic activity in Brazil, suggests that the…