Go, let's go to Brazil and save money! Deposit 10,000 yuan, 1 year interest has 1075 yuan. On February 2, Brazil's central bank announced a rate hike to raise the country's benchmark interest rate by 150 basis points to 10.75%, which means that depositing BRL 10,000 in the country's banks will have an interest rate of BRL 1,075 after one year, while China's one-year deposit benchmark interest rate is only 1.5%, depositing 10,000 yuan is only 150 yuan after one year, and the difference in deposit yield is more than 7 times.
But this is just a joke, the Brazilian currency is depreciating too much, and the rate of interest rise may not be faster than the rate of currency depreciation. In 2017, 1 Brazilian real can still be exchanged for 2.2 yuan, and now in 2022 it can only be exchanged for 1.2 yuan, and the Brazilian real has depreciated by half in five years!
Brazil's central bank interest rate hike is also no way, do not raise interest rates, the dollar foreign capital withdrawal, the Brazilian economy may collapse; interest rate hikes, although temporarily to keep foreign exchange reserves, but the economy tightened! In fact, it is fooling the Brazilian people not to convert their currency into dollars or other currencies, thus delaying the progress of the depreciation of their currency. #知识迎虎年, open and hang for a whole year #
