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By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - Caixa Econômica Federal, the second largest government-owned financial institution in Latin America, announced yesterday (April 11th) the reduction of interest rates on credit cards, which now ranges from 8 to...
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Some 58.2 percent of Brazilians use their monthly salary to pay off “installment debt,” according to a new survey by the Instituto Brasileiro de Economia (Brazilian Institute of Economics, Ibre-FGV). Yet...
By Helen Trouten Torres, Contributing Reporter RIO DE JANEIRO, BRAZIL - New research released this month adds weight to the reports that Brazil’s economic growth is largely being fueled by credit markets. The research by APAS (Paulista Association of...
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