Savings: R$86 billion will leave the modality by September, informs the Central Bank

[ad_1]

In the month of September alone, withdrawals of resources from the traditional type of investments totaled R$5.83 billion. Changes occur at a time when interest rates and the population’s debt are still relatively high. Withdrawals from savings accounts exceeded deposits by R$86.12 billion from January to September this year, the Central Bank reported this Friday (6). Despite the increase, the evasion of savings resources fell compared to the same period last year – when R$91.07 billion left the investment modality. The BC’s historical series for this indicator begins in 1995. According to the institution, in the year to date: deposits totaled R$2.81 trillion. withdrawals totaled R$2.9 trillion. In the month of September alone, the BC reported that savings withdrawals (above the volume of deposits) totaled R$5.83 billion. As a result, there was a drop compared to the same month last year, when there was an inflow of R$5.9 billion. With the outflow of resources from savings last month, the stock of deposited amounts, that is, the total volume invested, fell to R$968.3 billion in September. In August, the total volume totaled R$969.12 billion. Economic scenario Withdrawal of resources from savings has negative effects on property financing The withdrawal of resources from savings accounts takes place in a scenario of still relatively high interest rates, despite two consecutive drops in the Selic, to 12.75% per year. Even though it left the leadership in the ranking of real interest rates (calculated after reducing the estimated inflation for the following twelve months), the Brazilian rate is the second highest in the world. Indicators also show that the population’s debt remains high. According to the BC, it accounted for 47.8% of the income accumulated in the twelve months up to July this year. At the same time, the average default rate recorded by banks in credit operations remained stable at 3.6% in August 2023. It is the highest level since August 2017, when it totaled 3.7%. The BC series for this indicator begins in March 2011. The federal government launched the “Desenrola” program in July to renegotiate the population’s debts. In ten weeks, banks renegotiated R$14.3 billion in 2 million debt contracts. Profitability In 2022, savings had the first year of real income since 2018, after three years of earnings below the country’s official inflation. Last year, the most popular financial application in the country recorded a profitability of 2%, already discounting the price increase by the Broad National Consumer Price Index (IPCA). Despite the real gain, the application continues to have limited income. When the Selic rate exceeds the level of 8.5% per year, the savings yield is 0.5% per month, plus the variation in the reference rate (TR, which is calculated by the weighted average of pre-fixed public bonds). According to analysts interviewed by g1, the return on savings has lost to other fixed income investments. They pointed out that investments in Tesouro Direto, in CDBs and also CDIs have recorded better performance.

[ad_2]

Source link