Interest rates fall to record level
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Selic low 1 point, to 10.25% per annum. Box reduces the rate pledge and BB facilitates buying more appliances
Rio - The basic interest rate (Selic) is the lowest in the history of the country yesterday, the Monetary Policy Committee (Copom) of the Central Bank confirmed the expectations of financial market and reduced the rate by 1 point to 10.25% the year. The cutting of interest is important to encourage consumption, because the cheap shopping in time and funding. Yesterday, several banks announced reductions in rates of credit to individuals and businesses.
Caixa Econômica Federal, for example, will fall on Monday to the interest of the popular line of security, from 2.25% to 2.10% per month. The Bank of Brazil, also from the coming weeks, will drop the charges of financing of consumer goods (appliances from white), from 2.62% to 1.99% per month.
The directors of BC took the unanimous decision of how, as a further measure to stimulate the economy, seriously hampered by the global crisis. In addition to credit, lower interest rates tend to boost business investment, which creates jobs. With the cut, Brazil loses the shameful title of country with the highest level of interest in the world - the leadership is now in China, with the actual rate (discounted for inflation) of 6.6%, followed by Hungary (6.4%) and Brazil (5.8%).
It was the third consecutive reduction of the Selic, which was 13.75% at the beginning of the year 2009 - since then the drop reaches 3.5. To pay 12 times in a refrigerator that costs $ 1,500, for example, the consumer is paying at least $ 2.56 U.S. $ 30.72 or provision in total, according to calculations by Miguel José Ribeiro de Oliveira, vice-president of Anefac. Considered only if the drop yesterday, the provision falls U.S. $ 0.69 or U.S. $ 8.28 in final value.
Awaiting the arrival of Sarah, the couple Baravani Jorge and fuzzy Damico twists by a further drop in interest. "Thus, able to buy everything at once, not only the washing machine," says fuzzy.
Several banks lower credit
Beyond the Box and the Banco do Brasil, Bradesco, Itaú, Unibanco and HSBC announced it is reducing interest on credit lines, including the check and special financing of vehicles. In Bradesco, for example, the CDC type vehicles, the minimum rate is now 1.52% of the month, up 1.56% and 2.62% of maximum retreated to 2.58%. Itaú, Unibanco in the special rate of fall of 8.75% to 8.67%.
Side effects in the correction of savings
The fall of interest makes it urgent to change the remuneration of savings. With the lowest Selic, the book is very competitive in relation to fixed income funds, which have an administration fee and pay Income Tax.
Banks fear leakage mass of resources for books. And that is the focus of the problem, because the money from savings is stamped: 65% must go to finance housing. What is already in the funds is in the hands of banks to use - and charging - the way you want.
The decision to leave in early May. The government indicates that applications to R $ 15 thousand would have to fix preserved, studied and create bands of pay - the higher the balance, the lower the gain. Other possibilities are to set the correction in the month and 0.5% tax investments over $ 500 thousand.
Source: The Day
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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