Average interest rates fall, but default rates are at a record high.
The percentage for businesses and individuals in May was 32,9% annually (compared to 35,1% in April), the lowest rate in the Central Bank's historical series, which released figures this Tuesday.
Agency Brazil - The average interest rate fell in May, while defaults by companies and families hit a record 6%, according to data from the Central Bank (BC), released today (26).
The average interest rate for businesses and individuals stood at 32,9% per year (compared to 35,1% in April), the lowest in the BC's historical series, which began in June 2000.
Families paid an average interest rate of 38,8% in May, a decrease of 3 percentage points compared to the previous month. This is also the lowest level in the historical series, which began in July 1994. Meanwhile, the household default rate rose 0,2 percentage points to 8%. The Central Bank considers defaults to be payments overdue by more than 90 days.
In the case of businesses, the average interest rate fell 1,3 percentage points from April to May, reaching 25% per year. Corporate delinquency rates reached 4,1%, a stable figure compared to the previous month.