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Central Bank of Brazil will make permanent measure of bank liquidity: Campos Neto

BRASILIA, Apr 6 (Reuters) – The Central Bank of Brazil wants to make permanent one of its measures last year to combat the crisis of the pandemic, consisting of offering liquidity to banks in exchange for credit for the private sector as collateral. instead of public debt, as was the case before.

In a virtual event broadcast on Tuesday by the International Monetary Fund, within the framework of its Spring Meetings, and recorded on April 1, the president of the central bank, Roberto Campos Neto, also said that the concentration at the beginning of the increases in Interest rates imply that they should not be raised much more in the end.

(Reporting by Jamie McGeever; edited in Spanish by Carlos Serrano)

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