Brazil to lower economy stimulus beginning with subsidized credit lines

Friday, December 13th 2013 - 13:04 UTC

Full article 4 comments

Brazil will raise interest rates on some state-subsidized credit lines in 2014 withdrawing part of the stimulus that helped boost investments but also hurt public finances this year. Interest rates on loans for the purchase of capital goods and trucks will climb to 6% per year, from 4%, while a special credit line for exports will climb to 8% from 5.5%. Read full article

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ChrisR
Mantega: if he is talking, he is lying.

Simple as that.

Didn't Dilma tell all the private banks they HAD to lend to the riff-raff or else, despite the Banks having ample evidence on default by these morons?

And didn't I say that this would end in inflation and screwing with Mr. Market was going to end in tears? YES, I did, and I was correct.

They need to shoot Mantega as an encouragement to the rest of the Finance Ministry dead-heads to pick-up their game or else.
Dec 14th, 2013 - 03:37 pm - Link - Report abuse 0
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Brasileiro
When I am president, I will appoint him Minister of Economy.

hahaha
Dec 14th, 2013 - 05:04 pm - Link - Report abuse 0
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ChrisR
@ 2 Brasileiro

Do tell how you are going to get a head transplant to one with a brain.

You will need a brain to do that job and that's the problem: Mantega doesn't have a functioning brain either!
Dec 14th, 2013 - 07:48 pm - Link - Report abuse 0
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Brasileiro
Portuguese language from Brasil have specifics singularities. Dont have the second person in the verbs. When talk him, i speak to you, not Mantega. “Simplificamos o português”.

First language from America. Son of the european father, of course.”
Dec 14th, 2013 - 08:22 pm - Link - Report abuse 0
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