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Brazil consumer, business default rates anchored at historic low in March - central bank

Credit: REUTERS/Adriano Machado

A broad measure of Brazilian consumer and business default ratios held steady in March at a multi-year low of 2.9%, while bank lending spreads narrowed to 22.5 percentage points from 22.9 points in February, the central bank said on Thursday.

BRASILIA, April 29 (Reuters) - A broad measure of Brazilian consumer and business default ratios held steady in March at a multi-year low of 2.9%, while bank lending spreads narrowed to 22.5 percentage points from 22.9 points in February, the central bank said on Thursday.

The amount of outstanding loans in Brazil rose 1.5% in the month to 4.1 trillion reais ($766 billion) and in the 12 months through March loan growth accelerated 14.5%, the central bank said.

($1 = 5.35 reais)

(Reporting by Jamie McGeever; editing by John Stonestreet)

((jamie.mcgeever@thomsonreuters.com; +55 (0)11 97189 3169; Reuters Messaging: jamie.mcgeever.reuters.com@reuters.net))

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