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Treasury Secretary Says New Credit Measures Won’t Affect Monetary Policy

BRAZIL
  • Monetary policy will not be affected by credit measures announced by the government, Treasury Secretary Rogério Ceron told journalists in Brasilia on Thursday. The measures are structural and should lead to more investments over the medium and long term.
  • An earlier statement from the finance ministry announced 13 measures seeking to facilitate access to credit market and reduce borrowing costs. (Bloomberg)
    • The measures focus on bank loans, capital markets and insurance.
    • The Treasury will provide collateral for public-private partnerships signed by states and municipalities.
    • Tax-exempt local bonds may be used in social and environmental projects.
    • Private pension plans may be used as loan collateral.

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