Brazilian Economy Shows Strain as High Rates Start to Bite
3 Articles
3 Articles
During the week, there was a significant decline in domestic future rates
Brazilian Economy Shows Strain as High Rates Start to Bite
The latest data points and official comments make it hard to ignore that the Brazilian economy is now feeling the weight of its tight monetary stance. The Selic rate is at 15 percent, the highest in almost 20 years. It reached this level after seven increases in a row. The policy has helped bring down inflation, but it is also starting to slow the economy. Officials still see GDP growth near 2.5 percent in 2025, yet there’s a growing sense that …
The Selic rate remaining at 15% per year, and the Central Bank's signals that interest rates may remain at this level for longer than initially anticipated, have reignited debates about the impact of high interest rates on the Brazilian economy and the financial market. On the one hand, the effects are already […] The post High Selic Rate Changes Dynamics in the Financial Market appeared first on Monitor Mercantil.
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