Banking & Finance

The rise in Brazil’s benchmark interest rate, the Selic, and the dollar is forcing companies to reassess investments and renegotiate debts

2 October 2024

Brazilian companies are redesigning plans, renegotiating debts, and repressing investments with the rise in interest rates and the dollar. While companies around the world have faced a business environment with higher financing costs, Brazilian companies are experiencing an especially heavy burden, hit by one of the highest interest rates in the world after surviving the pandemic with little government help.

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The rise in Brazil’s benchmark interest rate, the Selic, and the dollar is forcing companies to reassess investments and renegotiate debts

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