Check the ranking of the highest real interest rates in the world, with Brazil in 1st place
The Copom reduced the Selic from 14% to 13.75% per year

TL;DR
- Brazil has the highest real interest rate globally at 8.45% after the Selic was reduced to 13.75% annually.
- The calculation for real interest rates considers the market rate and projected inflation over 12 months.
- Russia, Colombia, Turkey, and Mexico follow Brazil in the ranking of highest real interest rates.