Brazilian interest rate at the peak of 5 years!

The Central Bank of Brazil raised the policy rate by 50 basis points and signaled that it might raise interest rates even smaller at its meeting in September.

Brazilian Central Bank Selic increased the interest rate from 13.25 percent to 13.75 percent. Thus, the policy rate rose to the highest level since 2017.

Since March 2021, the tightening cycle has increased to 11.75 points.

According to the latest data, annual inflation in the country was recorded as 11.39 percent.