Brazil Holds World's Highest Real Rate at 8.45% as Selic Stays 13.75%

Brazil's real interest rate remains the world's highest at 8.45%, with the Selic policy rate at 13.75% and projected inflation at 4.71%. This continues an established pattern of high real rates, reflecting the central bank's tight monetary stance amid persistent inflation. The ranking underscores Brazil's attractiveness for carry trades but also highlights the economic drag of restrictive policy.