Brazil considers cutting reserve requirements to boost credit: source
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[RIO DE JANEIRO] Brazil's government is considering easing reserve requirements for banks in the country to free up lending for infrastructure projects, a source with direct knowledge of the matter told Reuters on Wednesday.
Brazil is trying to increase lending and investment in infrastructure projects to reinvigorate its economy, which slipped into a technical recession earlier this year.
Brazil's central bank has previously cut reserve requirements to free up lending. In July it said it would free up an estimated 30 billion reais (US$13.5 billion) in the financial system through changes to banks' reserve requirements. - Reuters
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus
