Nov 23, 2011

Brazil: Interest Rate for Credit Operation

Interest rates for loans to individuals rose in October to 47% per year, compared to 47.7% in September, despite the fall in basic interest rates. The rates for corporate entities showed a small drop, from 30% a.a. in September to 29.8% a.a. in October.

The chart below shows the recent evolution of interest rates for credit operations in Brazil.

Source: Central Bank of Brazil

No comments:

Post a Comment