Brazil’s domestic corporate debt market shows progressive recovery

Brazil’s central bank said it continues to observe a slowdown in credit growth in various lines, but stressed the country’s corporate debt market shows a progressive recovery.

After its Financial Stability Committee meeting of August 30th, the bank said in a statement it is important that banks continue to preserve the quality of credit concessions.

Policymakers are tracking international financial conditions, involving in particular greater volatility and higher U.S. longer-term interest rates and greater uncertainty surrounding growth in China, and remain prepared to act, minimizing any disproportionate contamination on local assets prices, they added.

Original Story: Reuters | Marcela Ayres 
Photo: Image by Bruno Neves in FreeImages
Edition: Prime Yield