FX.co ★ Brazil’s Bank Lending Growth Doubles in December, Signaling Stronger Credit Momentum

Brazil’s bank lending expanded at a faster pace in December 2025, with growth reaching 1.8% month-over-month, double the 0.9% increase recorded in November 2025. The data, updated on 29 January 2026, point to a noticeable acceleration in credit activity at the close of the year.

On a month-over-month basis, the “actual” figure for December reflects the change in lending compared with November, while the “previous” figure captures November’s growth relative to October. The jump from 0.9% to 1.8% suggests that banks increased the pace of extending credit in December, potentially reflecting stronger demand from households and businesses or more accommodative lending conditions.

This sharper rise in bank lending may have implications for Brazil’s broader economic outlook, as increased credit flows can support investment and consumption. Market participants and policymakers are likely to watch upcoming releases closely to see whether December’s acceleration marks the start of a sustained trend in credit expansion.