Household indebtedness stands at 52.7% in March, according to Central Bank

Household indebtedness stands at 52.7% in March, according to Central Bank

Percentage was the same as in February

The indebtedness of Brazilian families to the financial system closed March at 52.7%, same percentage of February. If real estate debts are discounted, the indebtedness stood at 33.2% in the third month of the year, compared to 33.1% in the previous month. In January, the percentages were 52.8% and 33.2%, respectively.

According to the BC, the commitment of families’ income to the National Financial System (SFN) ended March at 27.7%, compared to 27.9% in February and 28.5% in January. Discounting real estate loans, the commitment to income was 25.6% in the third month of the year, compared to 25.8% in the previous month and 26.2% in January.

After the end of the strike by BC civil servants, at the beginning of the month, the agency started today to update credit statistics, with data from March and April. But the information remains outdated, since, at this point, statistics should already be available by June. According to the head of the BC Statistics Department, Fernando Rocha, the expectation is that the data for the fifth and sixth months will be published in August.

Estadão Content

Related post

New generation bank NG.Cash raises $10 million with a16z and Monashees

New generation bank NG.Cash raises $10 million with a16z…

Fintech has 900,000 teenagers aged between 12 and 17 as clients in one year of operation Generation Z is gaining the…
Bank predicts improvements for swine farming in the second half

Bank predicts improvements for swine farming in the second…

The scenario is still not entirely favorable, but it will be better than in the first half, according to Rabobank A…
European Central Bank raises interest rates by 0.50 percentage point

European Central Bank raises interest rates by 0.50 percentage…

This is the first rate hike in the Eurozone since 2011 and the return of rates to positive territory after eight…

Leave a Reply

Your email address will not be published.