Analysis Key Facts Brazil’s IPCA inflation is running near 4.1%, inside the central bank’s 1.5–4.5% tolerance band but nowhere near its 3% target — a target Brazil has not hit in any year since it was set in 2023. The Selic policy rate stands at 14.75%, the highest since 2006, producing a real interest rate […]The post Brazil Has One of the World’s Highest Real Interest Rates — So Why Is Inflation Still Winning? appeared first on The Rio Times.