Real interest rate | Brazil

The Real interest year-end rate of Brazil in 2024 was 12.25%. The end-2023 rate was  11.75%. This is the first year of growth after a decline. The lowest real interest rate in Brazil was recorded in 2020, with a value of  2.00%. The highest rate was in 2002, when it achieved 25.00%. Real Interest Rate ≈ Nominal Interest Rate - Inflation Rate. If the nominal interest rate on a loan is 9%, and inflation is 6%, the real interest rate is 3%. This means the lender effectively gains 3% in purchasing power, while the borrower pays 3% in real terms.