Average interest rate begins to fall
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Survey of the National Association of Executives in Finance, Administration and Accounting (Anefac) released yesterday shows that the average interest rate for an individual fell 0.06 percentage point in April to 7.33% per month, reaching its lowest level since May 2008. For companies, the fall in interest was also 0.06 percentage point, bringing the average rate to 4.21% per month.
Among the rates for the individual, only the credit card was stable at 10.68% per month. Interest on overdraft fell to 7.66% per month, the lowest rate since December 2007. Already the bank of the CDC (Consumer Direct Credit) of banks fell to 2.88% per month, the smallest of the series.
Lead researcher and vice president of Anefac, Miguel José Ribeiro de Oliveira, said the drop in interest rates can be attributed to the reduction of base rate (Selic), currently at 10.25% per annum and to make sure that financial market is that the Central Bank will continue to reduce the rate.
Source: California Online
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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