March 31, 2017 / 11:53 AM / 4 months ago

Brazil says to launch new benchmark BNDES loan rate in 2018

1 Min Read

BRASILIA, March 31 (Reuters) - Brazil's government will overhaul in 2018 the benchmark interest rate that state development bank BNDES uses for long-term corporate loans, the Planning Ministry said in a statement on Friday, in a step to reduce costly subsidies.

The so-called TJLP lending rate, currently set on a quarterly basis by the National Monetary Council, will be replaced for a new rate based on yields paid by inflation-linked NTN-B bonds, the Planning Ministry said. (Reporting by Silvio Cascione; Editing by Chizu Nomiyama)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below