RIO DE JANEIRO, BRAZIL - Interest rates for loans rose again in January, according to ANEFAC's (National Association of Finance, Administration and Accounting Executives) interest rate survey.
The overall average interest rate for individuals rose 1.51% in the last 12 months, from 6.39% per month (110.29% per year) in December 2021 to 6.46% per month (111.95% per year) in January 2022. This is the highest interest rate since December 2019.
Considering all basic interest rate hikes by the Central Bank since January 2021, the average interest rate for individuals has risen by 20.91%, from . . .
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