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06/02/2018 - 17:55hs

Net savings withdrawals at USD 1.65 billion

Withdrawals by Brazilians from their savings accounts surpassed deposits in January, according to information released this Tuesday by the Brazilian Central Bank (BC).

Brasília – In a month traditionally market by expenditures with education and tax payments, Brazilians again made withdrawals from their savings accounts. In January, net withdrawals (withdrawals minus deposits) totaled BRL 5.2 billion (USD 1.65 billion), reported this Tuesday (6) the Brazilian Central Bank (BC).

According to the BC, for the fourth consecutive year, investors withdrew more than they have deposited in savings accounts in January. However, withdrawals in 2018 were lower than in the three previous years.

*Translated by Sérgio Kakitani

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