PRO articlePolitics

Brazil Locks INSS Payroll Loan Cap at 1.85% Until Selic Hits 10.5%

Decision stabilizes credit margins for major Brazil banks like Itaú and Bradesco, tying future rate cuts to aggressive BCB easing.

By Eleanor Shaw

Published
Brazil Locks INSS Payroll Loan Cap at 1.85% Until Selic Hits 10.5%
Illustration — BRZ.news

Decision stabilizes credit margins for major Brazil banks like Itaú and Bradesco, tying future rate cuts to aggressive BCB easing.

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