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 . . .