Brazil economic team is developing a plan to boost the country’s credit markets, impacted by high-interest rates. Credit card rates from the largest banks in the country exceed 400% per year. The team aims to reduce rates and improve the loan guarantee system. The country’s central bank has maintained its 13.75% benchmark interest rate to curb inflation, causing a slowdown in credit, with no plans to cut the rate despite president Lula da Silva’s objections.