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Globo Reports Government Preparing Measures To Release R300 Billion For Real Estate Credit

BRAZIL
  • Government prepares measures to release R$300 billion for real estate credit (O Globo, Brazil)
  • To expand real estate credit, as promised by Finance Minister Fernando Haddad, the government is working on reducing the savings requirement, money that needs to be deposited at the Central Bank (BC). The objective is to allocate the resources released to finance housing.
  • The idea is to reduce the reserve requirement from 20% to 15%, using this slack to increase the savings account's allocation to real estate financing operations within the Brazilian Savings and Loan System (SBPE) from 65% to 70%.

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