Skyrocketing Finances: Brazil’s Credit Card Rates Reach Staggering 450%, Hitting a Six-Year Climax!
Brazil’s central bank finds itself contending with increasing inflation and a tentative economic revival, while an unexpected challenge looms: an unprecedented rise in credit card interest rates, reaching their peak in six years, leading to apprehension about growing household indebtedness. Alarming signs for the national economy are appearing as the mean rate on rotating loans…