Friday, July 25, 2014

Central Bank Injects $13.63 Billion into Brazil’s Economy

Brazil’s central bank announced a series of liquidity- and credit-boosting measures Friday that it said would inject nearly 30 billion reais ($13.63 billion) into the economy. One of the key steps was to reduce banks’ reserve requirements. The goal is to increase the amount available to banks for lending so they can lower their interest rates, finance spending by companies and households and help boost the slowing Brazilian economy, which economists predict will grow less than 1 percent this year.

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