February 7, 2017 / 2:01 PM / 5 months ago

Brazil's central bank says to reduce lending spreads sustainably

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BRASILIA, Feb 7 (Reuters) - The Brazilian central bank is working on an agenda to reduce bank lending spreads and potentially pave the way for lower interest rates in the long run, central bank chief Ilan Goldfajn said on Tuesday.

Spreads had dropped temporarily before the crisis, but that decline was not sustainable, Goldfajn said at a central bank panel. (Reporting by Silvio Cacione)

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