UPDATE 1-Brazil's annual bank lending growth slows to single digits in June
Published on: Wednesday 26 July 2023
Outstanding loans annual growth in Brazil decelerated in June as the country grappled with the impact of a robust monetary tightening, returning to single digits, showed central bank data on Thursday. Credit stock in Brazil's financial system rose by 0.1% in June from the previous month, amounting to 5.4 trillion reais ($1.1 trillion). Over the 12-month period, the growth rate was 8.9%, down from 10.6% in May.
