The fixed income specialist Otávio Fakhoury explained to reporter Elaine Bast that the reduction of the Selic rate, started in March after four successive cuts, did not cause a decrease in average bank credit rates for individuals and businesses. Personal credit reached 130% per year, indicating that other factors beyond the Selic influence the final cost of loans.
Fakhoury clarified that the Selic functions as a short-term reference rate and affects short-term operations, but does not determine the price of long-term credit. The banks that grant financing, such as real estate loans, evaluate costs and risks throughout the entire period, incorporating long-term interest rates negotiated in the market.
In the international scenario, the International Monetary Fund warned about the reappearance of global inflationary pressures, which raises expectations of basic rate increases.
