Brazil has the 2nd largest interest in the world!
The Monetary Policy Committee (Copom) of the Central Bank (BC) maintained the Selic rate at 10.5%, interrupting the downward cycle that began in August last year. As a result, Brazil has the second highest real interest rate in the world, behind only Russia. The decision was taken amid a scenario of domestic economic resilience and global uncertainties, and the BC does not foresee new cuts in the short term.
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