Concept: Difference (spread) between average interest rate on new credit operations in the relevant period in the National Financial System, which are under regulation by the National Monetary Council (CMN) or linked to budget funds, and corresponding average cost of funds. Refers to special financing operations which require proof of proper use of funds, linked to medium and long term production and investments projects. Funds origins are shares of checking accounts and savings accounts and funds from governmental programs. Source: Central Bank of Brazil – Statistics Department 20837-average-spread-of-earmarked-new-credit-operations---households---total 20837-average-spread-of-earmarked-new-credit-operations---households---total

Concept: Difference (spread) between average interest rate on new credit operations in the reference period in the National Financial System and corresponding average cost of funds. Comprises both earmarked and nonearmarked operations.