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Brazil Central Bank Chief Gabriel Galípolo Warns Unsecured Credit Risks Consumer Debt ‘Snowball Effect’

Central Bank President Galípolo flagged high-interest consumer debt, mainly credit cards, as a major risk to financial stability.

By Eleanor Shaw

Published
Brazil Central Bank Chief Gabriel Galípolo Warns Unsecured Credit Risks Consumer Debt ‘Snowball Effect’
Post of Brazil / Wikimedia Commons (Public domain)

Central Bank President Galípolo flagged high-interest consumer debt, mainly credit cards, as a major risk to financial stability.

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