RIO DE JANEIRO, BRAZIL – Brazil once again is the country with the highest real interest rate worldwide, according to a ranking compiled by MoneYou and Infinity Asset Management.
The country was in the second position on the list, but passed Russia and took the lead after the decision of the Monetary Policy Committee (Copom) of the Central Bank, to raise the basic interest rate of the country to 7.75% on Wednesday (27).
With the new Selic, the real interest rate, that is, discounting inflation reached 5.96% per year.
The real interest rate is calculated after discounting the expected inflation for the next 12 months and is considered a better measure for comparison with other countries.
SEE THE RANKING BELOW:
1. Brazil 5.96
2. Russia 4.77
3. Turkey 3.46%
4. Colombia 2.80%
5. Mexico 2.08%
6. Indonesia 0.56%
7. Chile 0.46%
8. Czech Republic 0.47%
9. China 0.20%
10. Malasia 0.17%