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Improved economy facilitates consumer access to loans

Credit

Fall of interest allied to the reduction of inflation benefits demand for credit

With the fall in inflation and basic interest rates, Brazilians are beginning to feel the improvement in the country's economic conditions. This is reflected in the easier access to credit lines. 

Data from Serasa Experian show that the number of people seeking credit increased by 9.9% in August compared to the same month of the previous year. This is the fourth high followed by this basis of comparison

In relation to the previous month, demand for credit in August increased 5.9%. Already in the accumulated of the year, this search grew 4.3% in comparison with the same period of 2016.

In the assessment of the entity's economists, access to credit has been positively influenced by the improvement in economic indicators. "The fourth consecutive year high of this indicator reveals that the consumer is returning to the credit market," the survey points out.

Currently, the basic interest of the economy, the Selic, is at 8.25% a year. Just over a year ago, it was at 14.25%. The more the rate falls, the greater the access of people to the credit market. Another important factor that  directly impacts the consumption capacity of Brazilians,   inflation is at its lowest level in 18 years: 2.46%. For experts, this meeting of economic factors contributes to the country's positive scenario.

Source: Portal Brasil, with information from Serasa Experian , Central Bank and IBGE