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Per RTRS: "Brazil's economy is reacting......>

BRAZIL
BRAZIL: Per RTRS: "Brazil's economy is reacting positively to emergency fiscal
and credit measures to cushion the blow from the COVID-19 pandemic, with
consumer spending picking up at the margin and energy consumption rebounding,
central bank director Bruno Serra said on Tuesday. Serra said the banking system
is healing but still needs close monitoring, and repeated policymakers' view
that although extraordinary monetary stimulus is still required, room for
further rate cuts is likely to be limited, according to a presentation he made
earlier in the day."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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