Brazil's Economic Gamble: Why 15% Interest Rates Signal Deeper Troubles

Brazil's Economic Gamble: Why 15% Interest Rates Signal Deeper Troubles

Brazil’s Central Bank maintained its 15% interest rate on September 17, 2025, marking the second consecutive meeting where officials held borrowing costs at levels unseen since 2006. This decision places Brazil as the world’s second-highest in real interest rates at 9.51%, trailing only Turkey’s 12.34%. The unanimous vote by the Monetary Policy Committee reveals a […]