trending Market Intelligence /marketintelligence/en/news-insights/trending/TmF2MjsqX4of63sgRtxRCA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Brazil consumer credit demand growth slows, Serasa Experian says

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Fintech Intelligence Digital Newsletter: May 2021

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing


Brazil consumer credit demand growth slows, Serasa Experian says

Consumer credit demand in Brazil rose 7.8% year over year in the first half of 2019, slower than the 11.1% growth recorded in the year-ago period, Valor Econômico reported, citing credit research company Serasa Experian.

The slowdown was driven by a rise in inflation in the first quarter, which prompted households to prioritize the payment of bills instead of borrowing, Serasa Experian Economist Luiz Rabi reportedly said.

Demand for credit began to pick up in April and saw its biggest jump in June, when inflation was 0.01%, the lowest level so far this year, Rabi noted.

"As a result, people were more confidently looking for credit, and the high in June was similar to the same period in 2018 of 9.8% and 9.9%, respectively," the economist added.