April 3, 2017 |
Brazil's central bank said it will introduce a new long-term lending rate for loans from the national development bank BNDES, effective January 1 next year.
The new rate, called the TLP, will be based on the IPCA consumer price index, plus a fixed rate equal to the yields on five-year NTN-B government bonds, the lowest cost of funding for the National Treasury, the central bank said in a statement.
BNDES will still base existing loans on the TJLP long-term lending rate, which the national moneta
Central bank lowers the TJLP to 7% and says it will introduce a new rate for long-term loans in 2018