NPL&REO News

Brazil must push reforms to make economic recovery last

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

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