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Credit card interest in Brazil rises to 399.5% per year in October

The interest rates on the revolving credit card for individuals rose 8.8 percentage points in October, reaching 399.5% per year.

This type of loan cost rose 52.1 percentage points in 2022 alone. It was 347.4% per year at the end of 2021.

The BC (Central Bank) released the data this Monday (Nov. 28).

Here is the full report.

Brazil's average interest rate rose from 54% in September to 56.6% in October when considering all . . .

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