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 Brazil’s public debt up 2.25pc in February
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Brazil’s federal public debt increased 2.25% in February to 6.595 trillion reais ($1.32 trillion). The month was marked by a sharp rise in global interest rates, driven by persistent inflationary pressures and the strength of the US economy. The average interest rate on domestic federal debt issuances decreased from 11.56% in January to 11.51% in February. The country’s domestic debt accounts for 95.8% of the total. The Treasury’s liquidity reserve rose to 885.10 billion reais from 813.24 billion reais the month before.

#Brazil #PublicDebt #Treasury #InterestRates #Inflation #Economy

https://www.brecorder.com/news/40296363