Macroeconomy/Finance

Brazil is now a country with very low real interest rates, according to Guedes

Brazil is transitioning to a world of normal interest rates, while consumer price inflation is below 4% and the central bank’s policy rate has been 5 per cent since October. As such corporate bond market has opened up and several large firms are retiring their overseas debt to borrow from the local market. Traditionally, bank lending to companies stood at an around 47 per cent a year, according to Anefac, an industry association.

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Source: Financial Times

Categories: Macroeconomy/Finance

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