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Interest

Interest rates rise for 5th straight month and hit its highest level in almost one year

11/10/2013

This article was translated by an automatic translation system, and was therefore not reviewed by people.

 

 

 



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Rate for individuals , 5.53 % , is the highest since November 2012.
For corporations stood at 3.18 % , also the highest since the same month

Interest rates of loans rose in September for the fifth consecutive month, says survey released on Thursday ( 10 ) by the National Association of Executives in Finance, Management and Accounting ( Anefac ) .

The executive director of studies economic affairs of the entity , Miguel Oliveira , assigns , in a statement , the fact that the increase in the basic interest rate of the economy , the Selic , promoted by the Central Bank two months ago , when it went from 8.50 % to 9 % per year. On Wednesday ( 9 ) Moreover, the Fed again increased the rate to 9.5 % .

The average interest rates of installment sales rose in all sectors and states surveyed .

For individuals , six lines , only one remained stable (a credit card -rotating ) and five rose ( trade interest , overdraft , CDC - Banks - car finance , personal loan , personal loan , banks and financial .)

In case the rate of CDC for car finance , it is the highest since August 2012. She went from 1.61 % per month to 1.64 % per month in September . All other rates are also the highest since November 2012, with the exception of credit card, which stood at 9.37 % per month , remaining at a record low since 1995 .

With this, the overall average interest rate rose 0.02 percentage point in the month , from 5.51 % per month in August to 5.53 % per month in September , which is the highest interest rate since November 2012.

Entity, the three credit lines surveyed were high , making the overall average interest rate also rise 0.02 percentage point from 3.16% to 3.18 % per month in the period .
The rate is also the highest since November 2012 .


Source : G1

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This article was translated by an automatic translation system, and was therefore not reviewed by people.

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