Brazil's revolving credit card interest rates rise to 442.4% annual

In June, the interest rate on revolving credit linked to credit cards in Brazil reached 442.4% per year, according to data from the Central Bank. The high cost pushes many consumers into a cycle of debt, with delinquency on revolving credit climbing to 4.7% in the same month. The Central Bank monitors these rates, promotes financial education, and encourages alternative credit products to mitigate the impact on households. Analysts note that the steep rates strain household budgets and can hinder broader financial planning.