Brazil’s credit conditions improved in February ahead of Covid-19 spike

The figures suggest the full force of the second wave of the Covid-19 pandemic now battering the country had yet to be felt by businesses and households.

RIO DE JANEIRO, BRAZIL - Credit conditions in Brazil improved in February, Central Bank figures showed on Monday, March 29, as a broad measure of consumer and business default ratios held steady at a decade-low, bank lending spreads narrowed, and credit growth rose.

The figures tie in with other indicators that suggest the full force of the deadly second wave of the Covid-19 pandemic now battering the country had yet to be felt by corporations and households in the first two months of the year.

A broad 90-day default ratio covering households and businesses was 2.9% in . . .

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