Brazil - Brazzil Mag - Brazilians Are Told Credit Access Is Back to Normal

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Credit availability in Brazil has returned to levels seen before the deepening of the global credit crisis in September. This according to Brazilian Central Bank President Henrique Meirelles, who announced the good news this Monday, February 10.

Speaking before a group of business leaders in Brazilian capital Brasília, Meirelles said the improvement in credit supply came as a result of government initiatives to compensate for tight liquidity abroad.

"We are substituting foreign credit," said Meirelles. "In a second phase, it will be important for the costs of credit to decline." On an indexed scale of 100, Brazil's credit availability rose to 101.1 in January from a low of 92.7 in September, Meirelles said.

As part of those efforts since September, Meirelles revealed Brazil's central bank freed up 99.2 billion USD in banking reserve requirements to assure local credit supply.

In January alone, Brazil's central bank injected 61 billion into local markets via spot dollar sales and export credit auctions as a strategy to increase foreign currency liquidity.

In light of improvements noted so far, Meirelles on Monday urged business leaders present to maintain their investment plans.

"It's important that we be realistic, but excessively defensive behavior can exacerbate problems," he said.

According to recent market forecasts, Brazil's economy is projected to grow only about 1.7% this year after expanding by around 5% in 2008.

Laugh Laugh Laugh
written by dnbaiacu, February 11, 2009

According to recent market forecasts, Brazil's economy is projected to grow only about 1.7% this year after expanding by around 5% in 2008

The figures change every two weeks or so. These people need to find something else better to do.
Your best economic defense is live within your means. COMPLETELY. And use BIRTH CONTROL. smilies/wink.gif

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Brazilians Are Told Credit Access Is Back to Normal
written by ch.c., February 11, 2009

NO PROBLEM !!!!!

iNTERESTS RATES ARE BACK TO NORMAL...... AT 35 TO 40 % ON A NATIONAL OVERALL AVERAGE BASIS, INCLUDING THOSE LOANS THAT ARE GOVERNMENT SUBSIDIZED !

Here is a sampling of your Nice borrowing rates for Indidividuals, not as per Ch.c. the bad mouth, but as per Meireiles own stats shown on the Central Bank site :

http://www.bloomberg.com/apps/news?pid=20601086&sid=aycNcCD5Onj8&refer=latin_america

Hopefully, Brazilians will borrow a lot...at those rates...as recommended by Robbing Hook to maintain your spendings and support the economy.
Guess who will get poorer....the borrower or the lender ??????

smilies/cheesy.gif

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...
written by AES, February 12, 2009

The rich will get poorer, but they are the only ones that can afford it.

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The Golden Rule
written by L. Thomas, February 13, 2009

As it is and shall ever be, the Golden Rule always applies.
Those who have the gold, rule.

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dnbaiacu and figures
written by triple dot, February 13, 2009

The figures change every two weeks or so. These people need to find something else better to do.

Figures do change all the time... no one has a crystal ball like the one you seem to have, moron....

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triple dot
written by dnbaiacu, February 13, 2009

You and Double Dot are two idiots who come here just to say stupid things and pick on other people... You both have no brain to write something intelligent here

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Credit access
written by falupa, February 13, 2009

As much as I believe that they would like credit access to be back as much as possible, I don't think that it will actually be back fully. Small businesses are still going to have problems. Even consumers will have big problems getting credit. It's still a major global crisis.

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Any posts after this in my name aren't mine
written by dnbaiacu, February 13, 2009

It's obvious I have a "secret admirer" gone mad. smilies/wink.gif

We are back to these silly impostor posts again.

Get an identity , whoever you are. smilies/cheesy.gif

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dnbaiacu
written by Double-Dot, February 13, 2009

Any posts after this in my name aren't mine

Nor mine either, Dnbahiacú.Triple-Dot would never insult us with these silly comments. These Goats that are insulting us are unaware that we belong to the ultra secret Bilderberg group. Our opponents will be handled ruthlessly.

BTW, the real Triple Dot would have come out with his password before addressing us.

So BaiaCú , you do not pay attention to these "GOATS" ,"JUNKIES" and "IDIOTS". smilies/wink.gif

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...
written by Triple Dot, February 13, 2009

That is correct Double Dot!!!

I found my degree at the bottom of an Alberta tar sand pit smilies/wink.gif

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Triple Dot
written by Double-Dot, February 13, 2009

Esteemed Triple Dot,

That is correct Double Dot!!!

I found my degree at the bottom of an Alberta tar sand pit

Your ID confirmed and allowed to proceed to express your opinion in democratic manner (which comes naturally for you, because of your good upbringing in Alberta).

BUT....BUT...., the guy who is faking our IDs is really your fellow countryman who goes by various names. Do you think it is your P.M. ,Steve? Keep an eye on that fella who blogs under the name "Cúre". smilies/cheesy.gif

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Double Dot
written by Triple Dot, February 13, 2009

Sim,

Our "intelligence" network is on this fellow..details to follow........ smilies/shocked.gif

He is the "Costa" of Canada

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Double Dot
written by Triple Dot, February 13, 2009

This guy who is faking our IDs seem to be picking on you a lot...

According to his trails, he could be one of your ex-lovers

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Double Dot
written by Triple Dot, February 13, 2009

Our "intelligence" network is on this fellow..details to follow

I didn't write this post... someone is copying my style....

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Double Dot
written by Triple Dot, February 13, 2009

This is the REAL TRIPLE DOT and I wrote all the posts here apart from the last one above...

Someone is messing with us... or perhaps, It's you yourself doing this ???

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Elipsis. . .
written by AES, February 14, 2009

[edit] In English
The style and use varies in the English language. The Chicago Manual of Style suggests the use of an ellipsis for any omitted word, phrase, line, or paragraph from within a quoted passage. There are two commonly used methods of using ellipses: one uses three dots for any omission, while the second makes a distinction between omissions within a sentence (using three dots: . . .) and omissions between sentences (using a period and a space followed by three dots: . . . .). An ellipsis at the end of a sentence with no sentence following should be followed by a period (for a total of four dots).

SO IN SEARCH OF WISDOM AND THE MEANING OF LIFE YOU
DECIDED TO STOP HERE. . .YOU COULD HAVE DONE WORSE
AND PROBABLY WILL IN THE COURSE OF YOUR LIFE. . .
WHEN WE ASK FOR THE MEANING OF LIFE WE ARE
PROBABLY DEPRESSED. . .OUT OF STEP WITH THE
CONTINUITY OF OUR LIVES. . .AT PHILOSOPHICAL
CROSSROADS. . .SOMETHING. . .
SO FIRST THE QUESTION. . .WHAT IS THE MEANING OF LIFE?
ONLY THE GOOD WE DO CREATES MEANING IN OUR LIVES. . .
FOR THE MEANING OF LIFE IS GOOD DEEDS
DO GOOD. . .YOU CAN DO NO WRONG. . .
COPYRIGHT ã 2005

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...
written by AES, February 14, 2009

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The real credit crisis
written by falupa, February 17, 2009

It is a serious problem, and not something to joke about. I don't think that this credit crisis will come back anytime soon. Bad credit has plagued the global crisis. It has brought each country down and even bankrupted some. It is important to make sure that we focus on building more relations.

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