A study by Brazil's National Confederation of Industry (CNI) indicates that high-interest rates pose a major obstacle for 71% of companies seeking short or medium-term credit.
Since August 2022, the Selic rate has been fixed at 13.75%, becoming a point of contention between the government's economic team and the Central Bank (BC).
Another quarter (25%) of the companies surveyed expressed that the requirements for tangible collateral from banks are their primary hurdle to securing financing.
Meanwhile, 16% voiced dissatisfaction over the lack of credit lines that suit their company's needs.
The survey, conducted between . . .
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