The increase in profitability was insufficient to maintain interest in the country’s most traditional financial application. In 2022, Brazilians withdrew R$ 103.24 billion more than they deposited in their savings account, announced today (5) the Central Bank (BC). beginning of the historical series, in 1995. The previous record had been registered in 2015, when account holders had withdrawn BRL 53.57 billion more than they had deposited in savings accounts. The result could have been worse were it not for the December performance. Last month, there was net funding, with deposits exceeding withdrawals by R$ 6.26 billion. Despite the positive result, it was the lowest net inflow for December since 2015. In 2022, the account recorded net inflows only in two months: April and December. In the other months, withdrawals exceeded deposits, in a scenario of high inflation and debt. Yields once again gained from inflation due to increases in the Selic rate (basic interest rates in the economy), but other fixed-income investments are more attractive than savings. BRL 166.31 billion. The instability in the government bond market at the beginning of the covid-19 pandemic and the payment of emergency aid, which was deposited in digital savings accounts at Caixa Econômica Federal, contributed to the result. 35.5 billion. The application was pressured by the end of emergency aid, low income and the greater indebtedness of Brazilians. The net withdrawal – the difference between withdrawals and deposits – was only greater than that recorded in 2015 (BRL 53.57 billion) and in 2016 (BRL 40.7 billion). In those years, the strong economic crisis led Brazilians to withdraw funds from the application. Yield Until recently, savings accounts yielded 70% of the Selic rate (basic interest rate for the economy). Since December of last year, the application started to yield the equivalent of the reference rate (TR) plus 6.17% per annum, because the Selic was once again above 8.5% per annum. Currently, basic interest rates are at 13.75% per year, which made the financial investment stop losing to inflation for the first time in two years. In 2022, the application yielded 7.9%, according to the Central Bank. In the same period, the National Consumer Price Index-15 (IPCA-15), which works as a preview of official inflation, reached 5.9%. The full IPCA for last year will be released next Tuesday (10) by the Brazilian Institute of Geography and Statistics (IBGE).
Agência Brasil
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