With the monthly interest rate cap since June last year, banks began to defend with the government an increase in the rate to at least 2% at the next meeting of the National Social Security Council, scheduled for this Thursday (9) .
The increase is resisted by the , while other wings of the government, such as the oea , assess that the increase is necessary, but at a level slightly lower than that calculated by the banks — a figure circulating is 1.94% per month.
The ceiling of 1.66% applies to operations with payroll deductions. On credit cards and benefit payments, it rises to 2.46%.
The pressure from banks comes after , which impacts the cost of funding for financial institutions, registered a strong increase last year, following the increase in the Selic rate and the worsening of risk perception in the country.
Calculations made by market analysts indicate that, in order to return to profitability in all age groups of the INSS payroll, the ceiling would need to rise to 2.07% per month. Despite this, they estimate that a rate of 2% per month would already help to compensate for part of the losses in some age groups.
The defense of increasing the ceiling does not only come from private institutions, but also from private institutions.
At the beginning of the government, in the face of one, Banco do Brasil and Caixa Econômica Federal reached . According to accounts from technicians at the institutions, a rate of 1.98% or 1.99% would be necessary for public banks’ appetite for this type of loan to return.
Behind the scenes, the government wing remembers that, when the Selic was on a downward trajectory, the minister (Social Security) headed one.
Now, with the increase in the Selic rate, they say, the minister is not making this move and is resisting a change that would help restore the line’s profitability.
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