Brazil’s central bank chief Ilan Goldfajn said that Latin America’s top economy must somehow continue on the path of reforms to maintain low inflation and a sustainable economic recovery.
Goldfajn also said that the central bank expects a solid economic recovery this year with inflation reaching goals, though he warned of risks. President Michel Temer last week gave up pension reform ahead of October’s presidential elections, a legislative setback that prompted Fitch to cut Brazil’s credit rating further into junk territory.
The NPL ratio of the Bank in Portugal is 7.5%, decreasing 1 percentage point compared to 2016. Now this indicator figures 392 million euros.
Original Story: Reuters
Photograph: AFP
Translation and Edition: Prime Yield