Matthew Cowley – The Wall Street Journal/Dow Jones Newswires, 05/21/2012
Brazil’s economy remained sluggish in the first quarter because of a lack of credit and the gloomier outlook for the global economy, according to Finance Minister Guido Mantega, cited in an interview in the Valor Economico newspaper.
In response, the government is preparing a series of measures to help boost credit, including the possibility of reducing the level of reserves which banks are required to leave on deposit at the central bank, according to the newspaper.
“The government is studying a series of measures to allow more plentiful and cheaper credit for a series of sectors,” the minister said.
Excellent article. I am experiencing a few of these issues as well.
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