Savings have a record withdrawal of R$ 33.63 billion in January

Even returning to yield more than inflation, the most traditional financial application of Brazilians will face a record drain of funds. In January, Brazilians withdrew R$ 33.63 billion more than they deposited in their savings accounts, informed today (6) the Central Bank (BC). the beginning of the historical series, in 1995. The previous record was registered in August of last year, when account holders withdrew BRL 22.02 billion more than they deposited. record of R$ 103.24 billion, in a scenario of high inflation and debt. Yields gained again 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. between withdrawals and deposits in 2021. That year, savings had registered a net withdrawal of R$ 35.5 billion. The application was pressured by the end of emergency aid, low income and the greater indebtedness of Brazilians. 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 since mid-2020. the Central Bank. In the same period, the National Consumer Price Index-15 (IPCA-15), which works as a preview of official inflation, reached 5.87%. The full IPCA for January will be released next Thursday (9) by the Brazilian Institute of Geography and Statistics (IBGE).

Agência Brasil