2022 was a year marked by rising interest rates worldwide. Especially from the Federal Reserve that at an accelerated pace reached historical maximums of 4%a figure not seen since December 2007.
(Read: The events that happened for the first time in 2022).
The objective: stop the high inflationary figures.
The effect has been domino as other countries have also had to simultaneously increase rates. Scenario that puts several economies at risk of recession during 2023.
Now, recent Bloomberg data showed the countries with the highest interest rates. The listIt is not led by Argentina, with a rise of 550 basis points that went from 69.5% to 75% annually.
You follow Venezuela, that despite presenting a decrease in the rate of the Consumer Price Index, it exceeds the variation of 100% and reaches 155% as one of the highest in the world. This led to a monetary policy rate of 57.45%.
then they meet Brazil, Hungary and Colombia. In our crass, the Bank of the Republic went from a rate of 11% to 12% in recent months. Situation that has had an impact on the cost of living and increases in food, goods and services.
(See: The most devalued currencies in Latin America in 2022).
By Brazil its interest rate reached 13.75% which is 50 points above the previous month and reaching the highest level in its history since 2017. For Hungary it rose 1.25% in its last update and positions it at 13% annually.
In the case of lIn the Euro Zone the increases were less drastic. What placed interest rates at 2.00 being one of the lowest in the world after Denmark, 1.75%, Switzerland, 1%.
A outlier is Japan, which has an interest rate of -0.10 points. That is, it does not handle any interest regarding the loans. It is also one of the countries with the lowest inflation in the world, 3.8%.
(Continue: 84% of Colombians believe that prices will rise faster than income).
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