Average bank interest advances to 43.5% per annum in January, the highest level in five and a half years

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Information was disclosed this Monday by the Central Bank. The average interest rate charged by banks in their operations with individuals and companies increased by 1.8 percentage points in January this year, to 43.5% per year. The information was released this Monday (27) by the Central Bank. This is the highest level for the rate since August 2017, when it reached 45.6% per year, that is, in about five and a half years. The BC’s historical series begins in March 2011. The average interest rate, in this case, was calculated based on free resources – that is, it does not include the housing, rural and National Bank for Economic and Social Development (BNDES) sectors. According to the BC, the average interest rate charged on operations with companies rose from 23.1% per year in December to 25.3% per year in January 2023. It is the highest level since July 2017 (25 .4% a year). In operations with individuals, interest rose from 55.4% per annum in December to 56.6% per annum in January. It is the highest level since November 2022 (57.3% per year).

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