Savings see 3rd largest net withdrawal in Brazil’s history

Brazil’s savings accounts in 2021 saw the third highest net withdrawal in the country’s history. Last year, investors withdrew BRL 35.5 billion more than they deposited, the Brazilian Central Bank stated Thursday (Jan. 6). Among the reasons behind the phenomenon are low yields, higher indebtedness among Brazilians, and the end of the government’s emergency allowance […]

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