Key Highlights
- With its benchmark Selic rate sitting at 15%, one of the highest among major economies, Brazil’s central bank has maintained an aggressively tight monetary stance.
- Yet according to new IMF research, the country’s financial system is not cracking under pressure.
- Instead, credit markets remain resilient, and crypto adoption is accelerating anyway.
- Why Brazil’s Crypto Adoption Defies Traditional Macro Logic Only days after releasing its Q2 2025 COFER data, the International Monetary Fund (IMF) has shared another report, this time dissecting Brazil's macroeconomic outlook.
- In the post, the IMF said that Brazil’s recent credit expansion “was not a policy failure,” arguing that monetary transmission remains effective despite elevated interest rates.
