Economy

Savings withdrawals exceed deposits at R $ 8.88 billion in October

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 11/11/2026, 14:24:23 UTC.

Briefings

In October 2026, Brazil's central bank reported that cash withdrawals from savings accounts exceeded deposits by R$ 8.88 billion, marking the first time withdrawals surpassed deposits in the month. This occurred against a backdrop of elevated interest rates and high inflation expectations, with the Selic rate held at 13.75% annually. The total savings balance reached R$ 1.01 trillion at month-end, though only May 2026 showed a positive net liquidity flow of R$ 2.6 billion. The data reflects a year dominated by withdrawals, with January 2026 being the worst month for net withdrawals at R$ 23.51 billion.

Key points

• In October 2026, cash withdrawals from savings accounts exceeded deposits by R$ 8.88 billion, the first month where withdrawals surpassed deposits.
• The total savings balance reached R$ 1.01 trillion at month-end, with withdrawals exceeding deposits in every month except May 2026.

Context

This finding highlights a significant shift in Brazil's financial behavior during 2026, driven by high interest rates and inflation expectations. The central bank maintained the Selic rate at 13.75% annually, prompting financial institutions to project this rate through 2026. The data indicates a persistent outflow of funds from savings accounts throughout the year.

Limitations

Data covers October 2026 only; monthly breakdowns are limited to the period ending October 2026. January 2026 had the worst month for net withdrawals at R$ 23.51 billion. The report does not include future projections beyond October 2026, and the source is unverified.

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