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In Chile, the nominal short term interest rate is 3 . 5 % and the inflation rate is 2 . 9 4 % . In

In Chile, the nominal short term interest rate is 3.5% and the inflation rate is 2.94%.
In Brazil, the nominal short term interest rate is 8.25% and the inflation rate 3.67%.
Is there difference between the real short term interest rates in two countries?
0.56% in Chile, 4.58% in Brazil
6.54% in Chile, 12.22% in Brazil
0.544% in Chile, 4.418% in Brazil
6.44% in Chile, 11.92% in Brazil
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