Brazil plots lower borrowing costs

Brazil plots lower borrowing costs

Bonds Structured Finance Corporate & Sovereign Strategy Brazil Loans Economy & Policy

Brazil's central bank has revealed plans to lower borrowing costs for companies and consumers, including simplified reserve requirement rules for local lenders."The measure does not aim to reduce the reserves collected by the Central Bank but gradually reduce the existing operational complexities in order to reduce costs," Ilan Goldfajn, head of the central bank, told journalists in a presentation.The government will not force state-owned lenders to increase their loan portfolios and lower their

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