Brazil has the highest real interest rate among 40 leading economies

Thursday, December 1st 2011 - 06:02 UTC

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The Brazilian Central bank latest decision to lower the basic interest rate by half a percentage point to 11%, confirms Brazil leadership as the country with the highest real interest rates in the world. An honour it has held interruptedly for the last 23 months. Read full article

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ChrisR
Even with the recent drop in the rate, savers in Brasil must be much happier than those elsewhere on the planet.

I wish I was getting a return of 5.1% on my savings - some hope!

Not so good of course for people and businesses who have to borrow but that at least is their choice.
Dec 01st, 2011 - 07:01 pm - Link - Report abuse 0
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Fido Dido
Brazilians who can save are much better of than where I live. Real interest rates here in the US are negative and it's impossible to save because you're paying to have a savings account, plus you have to pay tax over what you save end of the year. Checking account is even worse: utrageous fee's (hidden plus visible administration costs) to maintain your checking account + debit card fee (montly plus when you use it) drives you nuts. Now you can read why the US is the land of opportunties (for banksters): to rob a bank, you own a bank.
Dec 01st, 2011 - 09:04 pm - Link - Report abuse 0
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ChrisR
#2 Fido Sorry to say it's much the same in the UK and I think it will get worse.
Dec 02nd, 2011 - 08:23 pm - Link - Report abuse 0
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