The balance of credit modalities for individuals based on nonearmarked resources was revised from 18% to 20%, and those based on earmarked resources from 14% to 17%.
The expectation of the financial market, consulted by the BC, is that basic interest rates will rise by 1.5 percentage points, to 9.25% per year, as a result of the increase in inflation.
Last month, deposits reached BRL 281.713 billion and withdrawals reached BRL 294.09 billion. In November 2020, there were more deposits than withdrawals, with a positive balance of R$1.479 billion.
According to the Central Bank, interest is like the price of renting money for a period of time, the remuneration paid to the borrower.
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