FOREX TradingCharts.com

Financial News: BRAZIL: In Symbolic Voting, House Passes New BNDES'

BRAZIL: In Symbolic Voting, House Passes New BNDES' Benchmark Interest Rate

08/24/2017 - 17:17:00 (RTTNews)

(RTTNews) - In a symbolic vote, the Brazilian House of Representatives passed a provisional measure that establishes the Long Term Rate (TLP) as the new benchmark interest rate of Brazil's National Bank for Economic Development and Social (BNDES).

From now on, the Brazilian lawmakers will vote on the highlights to the approved text.

The TLP will replace the Long-Term Interest Rate (TJLP) in the credit lines granted by the BNDES from January 1, 2018. One of the main complaints regarding the new rate is that the TLP will be higher than the interest of the current loans.

The new rate will be based on interest linked to a National Treasury bond (NTN-B) plus the variation of the National Consumer Price Index (IPCA). Currently, the TJLP is calculated quarterly, based on the future inflation target for the 12 following months and a risk premium set by the National Monetary Council (CMN).

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


ARGENTINA: GDP Estimate Up 2.7% In 2Q17 An Annual Basis (14 min(s), 29 sec(s) ago)
(RTTNews) - The provisional estimate for Argentina's Gross Domestic Product (GDP) in the secon ...Full Story»

BRAZIL: Temer Says He Has 'no Concern' About Criminal Complaints Against Him (01 hr(s), 24 min(s), 29 sec(s) ago)
(RTTNews) - Brazil's President Michel Temer said in an interview with Reuters news agency that ...Full Story»

ARGENTINA: Consumer Confidence Rises 7.2% In September - Survey (01 hr(s), 48 min(s), 29 sec(s) ago)
(RTTNews) - The Consumer Confidence Index in Argentina increased by 7.2% in September compared to ...Full Story»

BRAZIL: Inflation Expectation By Year-end Cut To 3.2% - Central Bank (01 hr(s), 55 min(s), 29 sec(s) ago)
(RTTNews) - The Brazilian central bank's Quarterly Inflation Report presents revised projectio ...Full Story»

BRAZIL: Interest Rate Estimate Cut To 7% Per Year In 2017, 2018 - Central Bank (02 hr(s), 17 min(s), 29 sec(s) ago)
(RTTNews) - The benchmark interest rate in Brazil, known as Selic, is expected to reach 7% by year ...Full Story»

BRAZIL: Central Bank Increases GDP Growth Estimate For 2017 To 0.7% (02 hr(s), 31 min(s), 29 sec(s) ago)
(RTTNews) - Brazil's central bank increased to 0.7% from 0.5% its projection for the country&# ...Full Story»

MEXICO: Earthquake Will Not Affect Country's Rating - Moody's (02 hr(s), 37 min(s), 29 sec(s) ago)
(RTTNews) - Credit risk rating agency Moody's Investors Service said that the earthquake that ...Full Story»

BRAZIL: Preliminary CPI Rises 0.11% In September (02 hr(s), 44 min(s), 29 sec(s) ago)
(RTTNews) - Brazil's official preliminary inflation index rose 0.11% in September on a monthly ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

ARGENTINA: GDP Estimate Up 2.7% In 2Q17 An Annual Basis

09/21/2017 - 22:25 PM (RTTNews)
(RTTNews) - The provisional estimate for Argentina's Gross Domestic Product (GDP) in the secon ...Full Story>>

BRAZIL: Temer Says He Has 'no Concern' About Criminal Complaints Against Him

09/21/2017 - 21:15 PM (RTTNews)
(RTTNews) - Brazil's President Michel Temer said in an interview with Reuters news agency that ...Full Story>>

ARGENTINA: Consumer Confidence Rises 7.2% In September - Survey

09/21/2017 - 20:51 PM (RTTNews)
(RTTNews) - The Consumer Confidence Index in Argentina increased by 7.2% in September compared to ...Full Story>>

BRAZIL: Inflation Expectation By Year-end Cut To 3.2% - Central Bank

09/21/2017 - 20:44 PM (RTTNews)
(RTTNews) - The Brazilian central bank's Quarterly Inflation Report presents revised projectio ...Full Story>>

BRAZIL: Interest Rate Estimate Cut To 7% Per Year In 2017, 2018 - Central Bank

09/21/2017 - 20:22 PM (RTTNews)
(RTTNews) - The benchmark interest rate in Brazil, known as Selic, is expected to reach 7% by year ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.