Revolving interest rate credit card hits new recordThe increased rate 2,2 percentage points compared to December and was the largest of the series started in March 2011.
The credit card Revolving interest rate rose and set a new record earlier this year. The rate reached 486,8% per year, in January, reported today (23) or Central Bank (BC). The increased rate 2,2 percentage points compared to December and was the largest of the series started in March 2011.
The revolving credit is taken by the consumer when you pay less than the full value of the card bill. The installment credit rate also rose and stood 161,9% per year, high of 8,1 percentage point compared to December.
Another high interest rate in the monthly survey of BC is the overdraft, who came 328,3% per year, with a small reduction compared to December 0,3 percentage point.
The average interest rate for households stood at 72,7% per year, in January, with high 1 percentage point compared to December.
The credit default, considered above delays 90 days, for individuals remained stable at 6%.
The rate of default of companies rose 0,2 percentage point to 5,4%. The average interest rate charged by legal entities rose 1 percentage point to 28,8% per year.
These data are of free credit on which banks are empowered to apply the funds raised in the market and set interest rates.
In the case of directed credit (loans with rules set by the government, intended, basically, the housing sectors, and rural infrastructure) the interest rate for individuals remained stable at 10,4% per year. The fee of the companies rose 1,6 percentage point to 12,5% per year. The default rate of households increased 0,1 percentage point to 1,8% and businesses remained 1,8%.
The balance of all loans granted by banks was R $ 3,073 trillion, with falling 1% in January, compared to December. In 12 months, the decline was in 3,9%.
This balance amounted to 48,7% all that the country produces - Gross Domestic Product (START), in January. In December, this percentage was 49,4% stir START.