Brazil's central bank is preparing measures to curb rising household indebtedness, including stricter disclosure requirements for lenders, according to two sources. It is studying foreign frameworks such as Singapore's, which caps unsecured borrowing for lower-income consumers, with individuals earning up to 30,000 Singapore dollars a year generally limited to unsecured debt equal to two months of income. The measures are expected to roll out gradually, and any increase in capital requirements is unlikely in an initial package. Household debt has become a central issue in the presidential campaign, where President Lula finished behind Senator Flavio Bolsonaro in the first round and a runoff is set for Sunday.
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