trending Market Intelligence /marketintelligence/en/news-insights/trending/yKfWhBN27H6rX098c3gy7w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Brazil's government offers banks chance to drop credit card rates voluntarily

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Brazil's government offers banks chance to drop credit card rates voluntarily

Brazilian Finance Minister Henrique Meirelles said that local banks will have a chance to voluntarily reduce credit card interest rates before a measure that reduces the deadline to pass through credit cards payments to retailers come into force, O Estado de S. Paulo reported.

"If banks do not begin to lower interest rates, then the National Monetary Council will take this decision [to reduce the deadline] at the January meeting," Meirelles was quoted as saying.

He noted, however, that any decision to lower interest rates will be left to the banks, according to the Dec. 21 report.