Marcela Kawauti

Money Moves

As of September 2026: Assessing how the high Selic rate hit household budgets

Brazilian banks reported their highest loan-default rate since records began in 2011. The share of non-earmarked loans more than 90 days overdue hit 6.6% in August, and household borrowers drove the increase: their default rate on those loans reached 8%.

Updated Sep 30