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Interest

Bank of Brazil announces further reduction in interest

06/01/2012

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

 

 

 


SAO PAULO - The Bank of Brazil has announced it will release further reduction of interest to individuals and corporations. According to a statement released to the press, the reduction will affect, among others, the real estate credit lines.

The decision of the Bank of Brazil comes a day after the Monetary Policy Committee (Monetary Policy Committee) to announce cut of 0.50 percentage point in the Selic rate (prime rate). Still, follows the banks Bradesco, Caixa Economica Federal, which, on the afternoon of Thursday, reported cuts in their credit lines.

Recent cuts Bradesco
Bradesco, the minimum interest personal loans was 1.93% for the month. Before cutting, the minimum rate of this method was 1.97%. In the CDC mode vehicles to the minimum rate was 0.93%, compared to 0.97% earlier. The maximum rate went from 2.95% to 2.91% month to month.

In the form of leasing vehicles, the minimum rate also dropped 0.04 percentage points, from 1.67% to 1.63% per month. The maximum rates increased from 3.00% to 2.96% per month. In the financing of goods and services, the minimum rate increased from 2.97% per month to 2.93% per month, while the maximum rate increased from 4.91% to 4.87% per month.

CEF
Since CEF continues its program Better Credit Cash. In the case of payroll for public servants and employees of companies that have agreements with the box, there was a reduction of 1.95% to 1.67% per month.

For retirees and INSS (National Social Security Institute), the maximum rate was reduced from 1.77% to 1.67% per month and the minimum rate of 0.75% per month. In the case of the INSS, the maximum rate allowed by the body is 2.14% per month.

In the 'Blue Card' for clients who receive wages in cash, the rate of Interest Installment was reduced from 1.99% to 0.89% per month - a reduction of 57.94% annual rate -. For all other cards, the rates ranging from 4.85% to 1.99% were reduced to a single rate of 1.90% per month (annual reduction of up to 66.89%).

The line Installment Billing for all credit cards, which already had rates starting at 1.95% per month, had his term extended from 24 to 36 times.



Source: The Day on Line

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

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