247 - Brazil rose from third to second place in the world ranking of real interest rates (inflation discounted) after the Monetary Policy Committee (Copom), linked to the Central Bank, increased the Selic rate to 15%.
The country is only behind Turkey. The Brazilian real rate increased from 8.65% per year, according to the previous survey, to 9.53% per year. In Turkey, real interest rates are at 14.44% per year, according to a ranking prepared by the MoneYou Portal and Lev Intelligence, in 40 countries.
Brazil has higher real interest rates than Russia (7.63%), Argentina (6.70%) and South Africa (5.54%).
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