STXNEWS LATAM-Brazil consumer loan demand falls in Feb, Serasa says

Reuters

Demand for consumer credit in Brazil fell 9.6 percent in February from the previous month as higher interest rates and still-high consumer default rates weighed on new borrowing, credit research company Serasa Experian said on Monday. Demand for consumer credit rose 1 percent in February from a year earlier, Serasa said, adding that the increase was partially attributed to the Carnaval holiday being held in March this year as opposed to February last year.

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