{"id":50185,"date":"2015-02-05T18:19:00","date_gmt":"2015-02-05T20:19:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/savings-results-the-worst-since-1995\/"},"modified":"2019-06-30T13:02:14","modified_gmt":"2019-06-30T16:02:14","slug":"savings-results-the-worst-since-1995","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/savings-results-the-worst-since-1995\/","title":{"rendered":"Savings results the worst since 1995"},"content":{"rendered":"<p>Bras&iacute;lia &ndash; The Brazilian Central Bank (BC) has reported this Thursday (5th) that Brazilian citizens have withdrawn R$ 8.594 billion (US$ 3.166 billion) in excess of what they have deposited in savings accounts in January. It is the poorest monthly result since the BC started keeping records in 1995.<\/p>\n<p>Last month, savings account withdrawals stood at R$ 144.9 billion (US$ 53.3 billion), outpacing deposits, which reached R$ 136.3 billion (US$ 50.2 billion). The resulting balance was R$ 657.7 billion (US$ 242.3 billion). Savings earnings reached R$ 3.578 billion (US$ 1.318 billion).<\/p>\n<p>As per the regulation currently in effect, whenever the benchmark interest rate (known as Selic) exceeds 8.5% per annum, savings accounts pay 0.5% per month (6.17% per annum) plus the Taxa Referencial (TR, the variable savings benchmark rate). Whenever the benchmark interest rate is equal to or less than 8.5% per annum, savings accounts pay 70% of the Selic rate plus the TR rate. The formula only applies to savings deposits made from May 4th, 2012 onwards. <\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Withdrawals by Brazilians have exceeded deposits by US$  3.1 billion in January. Withdrawals amounted to R$ 53.3 billion, and deposits, to R$ 50.2 billion.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-50185","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"Withdrawals by Brazilians have exceeded deposits by US$  3.1 billion in January. Withdrawals amounted to R$ 53.3 billion, and deposits, to R$ 50.2 billion.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/50185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=50185"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/50185\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=50185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=50185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=50185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}