MercoPress, en Español

Montevideo, June 1st 2023 - 15:55 UTC



Brazil has the highest real interest rate among 40 leading economies

Thursday, December 1st 2011 - 06:02 UTC
Full article 3 comments

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


Disclaimer & comment rules
  • 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
  • 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
  • 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

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!