LatAm Daily | In Brazil, credit stock declined 0.5% MoM in February
Published on Wednesday, March 30, 2016
LatAm Daily | In Brazil, credit stock declined 0.5% MoM in February
Summary
February is the second consecutive month that total credit stock declines (0.6% MoM in January). These contractions are in line with the sharp moderation of domestic demand and the high level of uncertainty. Credit stock grew by only 5.3% YoY, way below the inflation rate (10.4%) YoY. NPL remained stable in February, but we expect an upward trend over the year.
Geographies
- Geography Tags
- Latin America
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Enestor Dos Santos
BBVA Research - Principal Economist
Lorena Lechuga
Hugo Perea
BBVA Research - Chief Economist
Cecilia Posadas
BBVA Research - Principal Economist
Jorge Selaive
Carlos Serrano
BBVA Research - Chief Economist
Juana Téllez
BBVA Research - Chief Economist
Documents and files
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