Tuesday, December 27, 2016

UPDATE 1-Brazil state-run banks under no pressure to cut rates -Banco do Brasil

BRASILIA, Dec 27 (Reuters) - The Brazilian government has

not pressured state-run banks to free up credit and reduce their

spread, but interest rates are likely to fall as the central

bank's benchmark Selic rate continues to drop, state-controlled

Banco do Brasil Chief Executive Officer Paulo Rogerio

Caffarelli said on Tuesday.

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