Brazil Inflation Hits Two-Year High With Rate Hike Size in Doubt

Brazil Faces Historic R$ 1 Trillion Interest Bill Amid Rising Selic Rate

Brazil’s government is set to spend a record-breaking R$ 1 trillion ($167 billion) on public debt interest payments in 2025, driven by soaring Selic rates. The benchmark interest rate, currently at 14.25% per year, has steadily climbed since September 2024, when it stood at 10.5%. This increase has significantly raised the cost of servicing Brazil’s […]

Brazil Inflation Hits Two-Year High With Rate Hike Size in Doubt

Brazil’s annual inflation hit the highest level in two years and economic activity rose more than expected according to data published Friday, pressuring central bankers as they mull the size of their next rate hike.

The banking concentration in Brazil is historic and is often the subject of debates regarding the negative effects on consumers' lives, especially the increase in the price of customer service. Analysts interviewed by CNN highlight other effects of low competition, such as pressure for high interest rates. Data from the Central Bank (BC) show that, between 2002 and February 2024, 121 mergers or acquisitions in the banking sector were analyzed - …

Official government data showed that consumer prices increased by 5.48 % in March compared to the previous year.