Brazilian banks have room “to cut consumer lending rates in half”

Monday, October 8th 2012 - 06:26 UTC

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Brazilian banks have room to cut consumer lending rates in half, Brazil's Finance Minister Guido Mantega said in remarks published this weekend in the O Globo newspaper. Read full article

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ChrisR
Mantega has ably demonstrated his complete lack of understanding of finance and should not be in his present position.

He still does not understand 'risk' to domestic loans.

The law in Brasil still does not allow the lender to take action against the borrower when in default, something that Mantega himself said he would correct.
Oct 08th, 2012 - 12:50 pm - Link - Report abuse 0
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British_Kirchnerist
Good for the minister, these banks seem to be taking the p*ss with their charges
Oct 11th, 2012 - 11:29 pm - Link - Report abuse 0
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