Informativo Semanal de Economia Bancária - 04/05/2026

Hello, FEBRABAN's economics newsletter
brings you the highlights of the

national financial system's credit portfolio, the
COPOM's monetary policy meeting decision, as
well as the week's economic agenda and
other topics. The outstanding balance of the
total loan portfolio increased by 0.9% in March,
maintaining a relatively stable annual growth rate
of 9.7%.
The main improvement this month was in portfolios
aimed at families, with similar growth
across both
earmarked and unrestricted funds. Meanwhile,
corporate loan portfolios grew by 0.8% in the month.
Total portfolio delinquency fell 0.1
percentage point in March to 4.3%.
The drop observed in March reflected the
decline in delinquency among
families. In the case of businesses, the
default rate remained
at 2.8%, but the rate rose among
small and medium-sized enterprises, which continued to
show a worsening trend. The
Central Bank's monetary policy committee,
COPOM, again reduced the SELIC rate by
0.25 percentage points to 14.5% per
annum, continuing the
monetary calibration cycle. The decision was already
expected by the music industry. The
statement indicated that the
external environment remains uncertain due to the
war in the Middle East. In the
domestic scenario, economic activity continues
on a moderating trajectory and the
labor market remains resilient. On the
other hand, inflation accelerated again,
while the
Central Bank's inflation projections rose. In any case, the
committee deemed it appropriate to continue
the monetary policy calibration cycle
, as activity
continues to adjust in response to the prolonged
period of high interest rates. This week is
marked by the release of the COPOM minutes.
The minutes will serve as a guide for the next
steps in monetary policy, which may
indicate what room remains for
further interest rate cuts, given the
current scenario. To learn more about
these and other topics, access
FEBRAB's economics newsletter. Until
later. M.