Central bank takes measures to ensure adequate liquidity in financial system

- Friday, December 23, 2011

Central bank takes measures to ensure adequate liquidity in financial system

Amid the current global economic woes, Brazilian central bank BCB announced several measures to ensure that the local financial system has adequate access to liquidity.

The measures aims to make it more attractive for large banks to buy loan portfolios from small and midsized banks, and they also seek induce banks to issue more letras financeiras, which are bonds with a minimum two-year tenor, according to the BCB press release.

To read the full release in Portuguese, go to this link

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