Bloomberg News

Brazil Eases Rules on Reserve Requirements to Boost Farm Credit

January 24, 2012

Jan. 24 (Bloomberg) -- Brazil’s central bank eased rules for reserve requirements on cash deposits in a bid to boost loans to farmers this year, according to the official gazette.

The measure, which takes effect immediately, allows banks to use some farm loans to reduce the amount of reserves they must keep at the central bank.

--Editor: Adriana Arai

To contact the reporter on this story: Andre Soliani in Brasilia at asoliani@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net


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