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Credit interest rates are the highest since 2018 in the Brazilian market

The average interest rate charged with free resources -those negotiated in the Brazilian market- reached 40.6% per year in August.

It is the highest level since April 2018, according to BC (Central Bank) data.

The percentages charged to individuals reached 53.9% annually, while companies pay 22.81% annually.

The rise in interest rates is linked to the consecutive readjustments of the basic rate, the Selic, which reached 13.75% per year.

The average interest rates of directed credit - which are operations subsidized by the public administration or the state (such as BNDES) for the rural and real estate . . .

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