High Interest Rates Cost Brazilian Companies $15 Billion Annually

In Brazil, the Central Bank has chosen to maintain its benchmark interest rate, the Selic, at 10.5% to combat inflation. This decision profoundly impacts businesses, adding R$78 billion ($15 billion) in annual extra costs. This figure comes from detailed calculations conducted by Paramis Capital, undertaken specifically for the Valor news outlet. Brazil’s high Selic rate, […]