Brasília – The Brazilian Central Bank reported this Monday (6) that savings account withdrawals outpaced deposits by BRL 10.73 billion (USD 3.4 billion) in January. The result is the second worst since record-taking began, in 1995. The worst-ever result for a January was registered in 2016, with a BRL 12 billion (USD 3.8 billion) savings deficit.
Last month, savings withdrawals in Brazil reached BRL 176.85 billion (USD 56.6 billion), with deposits at BRL 166.12 billion (USD 53.2 billion). The total amount in savings accounts was BRL 658.56 billion (USD 210.9 billion). Savings earnings paid to investors’ accounts stood at BRL 4.31 billion (USD 1.3 billion).
*Translated by Gabriel Pomerancblum
