TBNEconomy
Brazil has the highest real interest in the world, followed by Turkey and Argentina
Publication: Feed Editoria
Author: Lucas Pordeus León - Repórter da Agência Brasil
Source published: 06/11/2026, 19:51:00 UTC
Briefing created: 06/11/2026, 21:10:20 UTC
Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 06/11/2026, 20:24:24 UTC.
Briefings
Brazil holds the highest real interest rate globally at 9.05%, significantly exceeding Turkey's 7.77% and Argentina's 6.80%. This figure, calculated by Moneyou, reflects the real interest rate excluding inflation. The Brazilian Central Bank's Committee on Monetary Policy (Copom) maintained a 13.75% annual interest rate in April, citing rising inflation expectations. Since the 2022 election, public debt has surged from 71.7% to 82.9% of GDP, consuming over R$1.1 trillion annually. Critics argue high rates are unsustainable, while the Copom has not provided further guidance on future trajectories.
Key points
- Brazil's real interest rate stands at 9.05%, the highest globally among 40 analyzed countries, surpassing Turkey's 7.77% and Argentina's 6.80%.
- The Brazilian Central Bank's Copom maintained a 13.75% annual interest rate in April, citing expanded inflation uncertainties and expectations above the 4.5% target.
Context
Brazil's elevated real interest rate is a key factor in its high public debt, which has grown from 71.7% to 82.9% of GDP since the 2022 election. The Copom's decision to maintain rates despite a 0.07% rise in the Selic rate has sparked criticism from industry leaders and economists regarding economic sustainability.
Limitations
Data reflects the Moneyou market ranking from November 2026, with limited coverage of the 10th-ranked country. The Copom's future interest rate trajectory remains unspecified, and inflation data is based on a 12-month period ending in August 2026.
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