Marcela Kawauti

Chief economist at Lifetime Gestora de Recursos

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Brazil loan defaults reach record high in August

Assessing how the high Selic rate hit household budgets

Brazilian banks reported their highest loan-default rate since records began in 2011. The share of non-earmarked loans more than 90 days overdue hit 6.6% in August, and household borrowers drove the increase: their default rate on those loans reached 8%.

Updated 1 hour ago