Brazil Economic Watch: CB announces a new measure to keep consumption credit under control
Published on Sunday, July 17, 2011
Brazil Economic Watch: CB announces a new measure to keep consumption credit under control
In addition to reducing the risks related to a strong expansion of credit markets, the CB also tries to take some steam off domestic demand. We expect this measure -and other macroprudential actions to be taken in the next few months- to work as a complement to SELIC hikes.
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