Brazil’s Savings Balance Falls Back Below R$1 Trillion on March Outflows

Overview

• Data released Thursday show a R$11.118 billion net pull in March that left the savings stock at R$999.8 billion, below R$1 trillion for the first time since May 2024.
• Deposits totaled R$369.594 billion in the month, while withdrawals reached R$380.712 billion.
• Net outflows in the first quarter came to R$41.246 billion, a smaller loss than the R$45.692 billion recorded in the same period of 2025.
• The housing-linked SBPE segment accounted for R$9.089 billion of March outflows, and rural savings made up R$2.029 billion.
• Household indebtedness hit a record in March, the CNC said, a strain that is pushing more people to tap savings.