STXNEWS LATAM-Brazil consumer loan demand drops in June, Serasa says

Reuters

Demand for consumer credit in Brazil fell 9.8 percent in June from the previous month, mostly due to extra bank holidays granted during soccer's World Cup, credit research company Serasa Experian said on Thursday.

Demand for consumer credit fell 12.6 percent in June from a year earlier, Serasa said, adding that higher interest rates and declining consumer confidence continue to weigh on new borrowing.

(Editing by Franklin Paul)

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