82% of Brazilians believe that rising interest rates contribute to an increase in the cost of living, according to Ipsos.

247 - Approaching its 100th day in office, the Lula (PT) government views the monetary policy defined by the Central Bank as abusive. one of its biggest obstacles to accelerating Brazil's economic recoveryAnd this concern regarding high interest rates is also shared by the vast majority of the population, as revealed by the "Global Inflation Monitor" survey conducted by Ipsos.

Eight out of ten Brazilians (82%) believe that high interest rates in the country contribute to the increased cost of living. Of the 36 nations included in the survey, Brazil ranks second, tied with Romania and South Africa. South Korea, with 85%, leads the ranking. The global average was 69%.

>>> An overwhelming majority of Brazilians agree with Lula in his fight against high interest rates, says Datafolha.

The citizens least concerned about interest rates are in Saudi Arabia, China, and the United Arab Emirates. In these countries, the rates were 32%, 42%, and 46%, respectively. 

In the first version of the survey, conducted by Ipsos between May and June, 84% of Brazilians already indicated that interest rates in the country were causing an increase in the cost of living.

Ipsos interviewed 24.471 people online, approximately 1.000 of whom were in Brazil, between October 21 and November 4, 2022. The margin of error for Brazil is 3,5 percentage points.

A rigged economy for the rich.

Another similar survey by Ipsos, the "Broken-System Sentiment" A survey conducted in 28 countries found that six out of ten Brazilians (64%) believe that the country's economic model is manipulated to favor the wealthiest. Despite this high rate, Brazil's figure is in line with the global average, which is also 64%. Romania leads the ranking with 78%.

At the other end of the spectrum, the citizens who least believe that the country has a manipulated economy are in Sweden, the Netherlands, and Germany. In these countries, the rates were 45%, 55%, and 55%, respectively.

In recent years, however, Brazilians' concern about favoritism towards the wealthy has been decreasing, as the same survey was conducted by Ipsos in 2016, 2019, and 2021. In those years, the country's figures were 69%, 75%, and 80%.

The research in question interviewed 26.007 people online, approximately 1.000 of whom were in Brazil, between September 23 and November 4, 2022.