Clipping of news on Brazilian Culture, Law and Citizenship
25/01/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
The Central Bank (CB) said on Friday that the average rate of interest charged by financial institutions of individuals fell by 9.2 percentage points in 2012, ending the year at 34.6%, the lowest level since 1994.
According to BC, the average interest rate of all bank-earmarked, which includes individuals and companies, also recorded the lowest value since 2000.
In December, the average interest rate of all loans totaled 28.1% per year, versus 37.1% a year in December 2011. In this case, the decrease was 9 percentage points every year.
In the case of the average rate that banks charge to companies in their operations, the amount recorded in December 2012, from 20.6% a year, is also the lowest ever recorded in the whole series of the monetary authority, which starts at June 2000 for this indicator.
Source: Journal of Brazil - Online
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This article was translated by an automatic translation system, and was therefore not reviewed by people.