The Selic rate has risen to 15% per annum
When the Selic rate increases, the main objective of the Central Bank is to contain inflation. With higher interest rates, credit becomes more expensive — that is, loans, financing, and even credit card purchases tend to weigh more on the wallet. This discourages consumption and helps to reduce prices.
For investors, the rise in the Selic rate is good news: fixed income investments, such as Treasury Direct, CDBs, and other interest-linked investments, start to yield more. On the other hand, economic growth may slow down, as businesses and consumers tend to spend less.
In summary: the rise in the Selic rate is a brake on the economy to control inflation, but it directly impacts the wallet of those who consume and invest.
