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Automotive credit likely to remain strong despite interest rate hike
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Automotive credit likely to remain strong despite interest rate hike
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Newspaper Article
Automotive credit likely to remain strong despite interest rate hike
2024
Overview
When asked if the Selic rate hike might affect this performance, Mr. Janikian said that the market is guided by the future interest rate curve, which had already priced in some likelihood of a rate increase. Thales Ferreira, director of real estate and vehicle credit at Itaú Unibanco, sees the Selic rate hike as a warning sign but noted that higher quality loan approvals, indicated by lower short-term default rates, lead to increased bank appetite. According to Mr. Ferreira, there were many lessons learned following the 2012 crisis in the sector.
Publisher
Grupo de Diarios América
Subject
