Tuesday, 9 October 2012

Government loosen their borrowing policy’s

On September 15 the Brazilian government announced that they would ease their rule so that banks will be able to lead to more individuals. The Government believes that in those rule change should help bank to lead money to each other and put an approximately 15 billion dollars in their economy to get it stimulate. This is great news for Brazilian companies and individuals because now they will be able to borrow to banks at a lower rate because there is more money available. They also announce that they would give tax break to companies. This announcement should stimulate the economy to recover from a year of almost no growth was register but no recession ether. This announcement should help the creation of jobs in the end of September and begging of October.
by Addley moise

Information taken from :

No comments:

Post a Comment