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HomeBRAZILTHE BATTLE FOR THE INTEREST RATES CONTINUE

THE BATTLE FOR THE INTEREST RATES CONTINUE

On Monday (08/05), the National Bank for Economic and Social Development (BNDES) announced that it has doubled the credit limit per customer of its line dedicated to micro, small and medium-sized companies, from R$ 10 million to R$ 20 million per year. The announcement comes at a time when Lula’s government maintains a campaign of criticisms against the Central Bank (BC) for keeping the highest real interest rate in the world, approximately 8.15%. Now the central administration is trying to implement measures to reduce the impact of this monetary policy and fuel the national development with resources from the state bank.

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