Clipping of news on Brazilian Culture, Law and Citizenship
02/14/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Research shows that Anefac overall average dropped to 5.43% interest per month
SAO PAULO - The average interest rate the consumer had a slight decrease in January, rising from 5.44% in December to 5.43% monthly. This is the lowest rate since 1995, according to the National Association of Executives in Finance, Management and Accounting (Anefac). Among six credit lines surveyed by the entity, the only vehicle financing showed high.
The lowest basic interest rate (Selic) at 7.25% per annum since October, and increased competition among banks, public financial institutions initiated by pressure from the government in April last year, explaining its lowest rates in operations consumer credit, according to Anefac.
In the coming months, Miguel de Oliveira Ribeiro, responsible for research Anefac, expects further reductions in interest to the consumer. According to the survey, the interest of trade and overdraft were leading to lowered overall average, since the fees credit card and personal loan in banks and finance had no change and the Financing of vehicles rose.
- Our expectation is that interest rates again be reduced in the coming months due to the improving economy, greater competition in the financial system, as well as the expected reduction in delinquency rates - said.
To legal entities the overall average interest rate has not changed and follows the same 3.07% per month in December. Of the three credit lines surveyed, one remained unchanged (bill discount), a decreased (overdraft) and was elevated (working capital).
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Source: The Globe - Online
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This article was translated by an automatic translation system, and was therefore not reviewed by people.