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BCB's Campos Neto Signals Upcoming Package Of Credit Measures

BRAZIL
  • BRAZIL CAMPOS NETO SAYS WE HAVE A PACKAGE OF CREDIT MEASURES THAT WILL BE ANNOUNCED BY MINISTER HADDAD - Reuters News
  • Touching on overnight reports that the finance ministry is considering a series of measures to boost credit, saying capital markets have “stalled” under the weight of high interest rates.
  • Among the measures under consideration, Haddad said, is a proposal from the Sao Paulo Industry Federation, for a program of subsidized credit akin to the so-called “plano safra” offered to the agriculture sector. The plan would cater to companies seeking long-term investment and environmental transition projects. (Bloomberg)

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