bank spread


Senior Member

¿Cómo se traduciría bank spread?

Credit in Brazil is very expensive. In addition to fact that the basic interest rate of the Central Bank has been the highest or second highest in the world in the last years, at around a real annual percentage of 7% to 10%, the banks include very high spreads over such already high basic interest rates. The bank spread has declined in the last years, but was still at an average of 32% in 2007 and reached 36% for individual credit users and even highest levels for small companies.

Muchas gracias :confused:
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