Brazil's central bank has announced plans to reduce the amount of money commercial banks keep in reserve, in a bid to boost economic growth.
The bank says the measure will free up some $13bn (£7.6bn), which banks could lend to businesses and individuals.
The Brazilian economy is expected to expand by 1% this year - the fourth consecutive year of sluggish growth.
The central bank announcement comes less than three months before presidential elections.
President Dilma Rousseff will seek a second four-year term in October.
In 2010, when she was elected, Brazilian gross domestic product (GDP) grew by 7.5%.

Growth dropped to 2.7% in 2011, 1% in 2012 and 2.5% last year.

Published in Economy

Drs. Harry Dorinnie, economist at de Central Bank of Suriname, at de Mercosur conference in Belém.

Published in eoB TV

The country, entered public consultation measures to facilitate operations and reduce costs that investors have bringing the resources to Brazil.

BRASILIA - The Central Bank (CB ) is studying ways to encourage foreign investments in the country.
Announced on Wednesday that a public hearing is a project for which debentures and treasury bills are traded Brazilian companies abroad. Currently, only stockholders can have Depositary Receipts ( DRs ). It is a receipt that reflects an action of companies, and are traded outside Brazil. And the Fed still wants to eliminate latches for use in fixed income and stock exchange.

Published in Finances
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