Financial application yields less with falling interest

Interest has always been considered the great villains of the Brazilian. Even with the successive reductions in the Selic rate (which currently stands at 7.25%), Brazil still occupies the top positions among the nations with the highest referentials on the planet (at this level, the country is behind only Venezuela, Argentina and Russia) .

Media and some sectors of society should be viewed with great caution

Media and some sectors of society should be viewed with great caution

However, the depreciation of these burdens by the media and some sectors of society should be viewed with great caution from the global point of view, since, on the one hand, the smaller indices pressure the big financial agents to reduce their real rates, making the cheaper credit, on the other hand, those who were profiting from financial application linked to fixed income, came to see their income dwindle drastically with the meetings held by the Copom (Monetary Policy Committee of the Central Bank).

Guaranteed an interesting income

Guaranteed an interesting income

In mid-2008, Brazil had 15% of the benchmark rate (Selic). At this level, betting on a low-risk financial application, such as the CDB or even the savings account, guaranteed an interesting income, which explains why this application has always been the Brazilian’s favorite.

However, with interest at 7.25% and with the recent change in savings income, linking the official rates to the remuneration paid to this portfolio, the annual income of these applications can not even reach annual inflation, which forces savers to seek new solutions to take care of their future financial health.

Economic scenario affect your financial health

To get an idea of ​​how changes in the economic scenario affect your financial health, a study by Bank Opportunity revealed that in the current framework, it takes 96 years to double the purchasing power of your amount invested in income funds (in 1999 , with rates of 45%, it took only 6 years to achieve the same goal).

In didactic terms, we can infer that the fall in interest favors the spenders, who can borrow at low rates; However, those who have financial applications are affected by the reduction in referential rates. A proof that, in economics, nothing is absolute.