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Brazil bank lending slows further in August as tight monetary policy bites
Yahoo Finance· 2025-09-29 12:05
BRASILIA (Reuters) -Outstanding bank lending in Brazil continued to lose momentum in August, central bank data showed on Monday, as high interest rates helped cool activity in Latin America's largest economy. Credit growth over the past 12 months slowed to 10.1% in August, down from 10.8% in July. The central bank projected last Thursday that annual loan growth would ease further, ending the year at 8.8%. While a steep slowdown from the 11.5% expansion seen in 2024, the forecast marked a slight upward ...