Banks reduce special interest of the check, says BC
This article was translated by an automatic translation system, and was therefore not reviewed by people.
After 12 months of high, financial institutions declined in January, its average interest rate charged on check transactions with particular individuals, according revealed this Thursday (26) the Central Bank.
Last month, the special interest of the check totaled 172% annually, against 174.9% a year in December 2008 - the highest since December 2003. Ie, a decline of 2.9 percentage points in average interest rate of the special check in January this year.
In the year 2008, the special interest of the check made impressive 36.8 percentage points, as were at 138.1% a year at the end of 2007. Even with the fall in January, the special interest of the check in 172% per year, are still very high.
"The interest fell under the cost of borrowing. The financial institutions raise funds at lower cost to policyholders and repasssaram end. That for individuals, assessed the head of Economic Department of the Central Bank, Altamir Lopes.
Average interest
At the same time, the average interest rate charged by banks in all its operations, either with companies or individuals, the year reached 42.4% last month, against 43.3% a year in December. Throughout the year 2008, the rate of increase was 9.4 percentage points.
In the case of interest rate financial institutions in their operations with individuals, informed the institution, it fell from 58.1% a year, in December, 55.1% for the year in January this year. Thus, there was a drop of three percentage points the rates in January.
"For individuals, the average drops three points. It is spread by all types of credit," said Altamir Lopes, the Central Bank.
For legal entities, however, there was an increase in average interest rates in January this year, which totaled 31% per year. In December, 30.7% were in the year.
"Companies reduce the activity of a significant market in January, and this leads to making less resources. This retraction is by virtue of seasonality," Lopes evaluated.
Source: G1
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