Febraban says Brazil banks overdid credit offers and owe a mea culpa, while the central bank chief blames credit growth, not just rates, for household
Brazil · BANKING
Key Facts
—What happened Febraban president Isaac Sidney said banks exaggerated credit supply, contributing to household over-indebtedness.
—How big Household debt has risen alongside credit expansion, with unsecured credit quality deteriorating, Reuters reported on 24 August 2026.
—The catch Central bank chief Galípolo says credit growth naturally raises indebtedness, not just high interest rates.
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