{"id":50713,"date":"2025-09-29T13:58:07","date_gmt":"2025-09-29T13:58:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/50713\/"},"modified":"2025-09-29T13:58:07","modified_gmt":"2025-09-29T13:58:07","slug":"brazil-bank-lending-slows-further-in-august-as-tight-monetary-policy-bites","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/50713\/","title":{"rendered":"Brazil bank lending slows further in August as tight monetary policy bites"},"content":{"rendered":"\n<p class=\"yf-1090901\">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&#8217;s largest economy.<\/p>\n<p class=\"yf-1090901\">Credit growth over the past 12 months slowed to 10.1% in August, down from 10.8% in July.<\/p>\n<p class=\"yf-1090901\">The central bank projected last Thursday that annual loan growth would ease further, ending the year at 8.8%.<\/p>\n<p class=\"yf-1090901\">While a steep slowdown from the 11.5% expansion seen in 2024, the forecast marked a slight upward revision from a previous estimate of 8.5%.<\/p>\n<p class=\"yf-1090901\">&#8220;The pace of credit expansion has started to decline, partly in response to the more restrictive monetary policy cycle,&#8221; the central bank said in its latest monetary policy report last week.<\/p>\n<p class=\"yf-1090901\">Since September last year, the central bank has raised interest rates by a total of 450 basis points, taking the benchmark Selic rate to a nearly two-decade high of 15%. The rate was held steady at that level in the last two policy meetings.<\/p>\n<p class=\"yf-1090901\">On a monthly basis, outstanding credit rose 0.5% in August from July.<\/p>\n<p class=\"yf-1090901\">A broad measure of default rates on non-earmarked consumer and business loans rose to 5.4% from 5.2% the previous month, while average lending spreads widened to 32.3 percentage points from 31.8 points.<\/p>\n<p class=\"yf-1090901\">(Reporting by Marcela Ayres, Editing by Louise Heavens)<\/p>\n","protected":false},"excerpt":{"rendered":"BRASILIA (Reuters) -Outstanding bank lending in Brazil continued to lose momentum in August, central bank data showed on&hellip;\n","protected":false},"author":2,"featured_media":50714,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[36826,72,4505,113,61,60],"class_list":["post-50713","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-bank-lending","tag-business","tag-central-bank","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/50713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=50713"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/50713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/50714"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=50713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=50713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=50713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}