Brazilians Are Told Credit Access Is Back to Normal

An ATM machine in Brazil 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.

Mercopress

Comments   

0 #18 The real credit crisisfalupa 2009-02-17 08:54
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.
Quote
0 #17 AES 2009-02-13 18:16
http://books.google.com.br/books?id=pfkhVjkgkcMC&dq=tzadik sklar&printsec=frontcover&source=bl&ots=gVIgwYiwzb &sig=fYejMxLJyt18NpvpS_lcZPypNjA&hl=en&ei=skyWSYjX J8yatwejp8iwCw&sa=X&oi=book_result&resnum=1&ct=res ult
Quote
0 #16 Elipsis. . .AES 2009-02-13 18:12
[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
Quote
0 #15 Double DotTriple Dot 2009-02-13 15:15
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 ???
Quote
0 #14 Double DotTriple Dot 2009-02-13 15:10
Quote:
Our "intelligence" network is on this fellow..details to follow
I didn't write this post... someone is copying my style....
Quote
0 #13 Double DotTriple Dot 2009-02-13 15:06
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
Quote
0 #12 Double DotTriple Dot 2009-02-13 14:34
Sim,

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

He is the "Costa" of Canada
Quote
0 #11 Triple DotDouble-Dot 2009-02-13 14:03
Esteemed Triple Dot,

Quote:
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". :D.
Quote
0 #10 Triple Dot 2009-02-13 13:30
That is correct Double Dot!!!

I found my degree at the bottom of an Alberta tar sand pit ;-) ;-)
Quote
0 #9 dnbaiacuDouble-Dot 2009-02-13 13:12
Quote:
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". ;-)
Quote

Add comment


Security code
Refresh

Who's Online

We have 5943 guests and no members online

Statistics

Users
2
Articles
17052
Articles View Hits
116915197

----------

cheap cocktail dresses

----------

Brazilian Male Enhancement Review at Breastsenlargementreview.com

----------

Brazilian Breasts Enlargement Cream

----------

Brazilian Top Breast Enlargement Reviews

----------

Brazilian Male Enhancement Pills at Breastsenlargementguide.com

----------

bruidsmeisjes jurken

----------

vestidos de noche

----------

ballkleider

----------

Cheap Prom Dresses

----------

Churrasco Equipment and Brazilian Meat Skewers

----------

Vestidos Noiva em Weddingmart.pt

----------

Australia Fashion Online Outlet store

----------

Robe de cocktail

----------

Our good partner Everbuying.com provides wide selections of products at best price for worldwide free shipping.

----------

Cheap Dre Beats

----------

Buy Cheap Nike Mercurial Soccer Cleats from MercurialCity now!

----------

Shopping Reviews

----------

----------

robe de cocktail

----------

Cheap Wedding Dresses

----------

bruidsjurken

----------

Find Me Handbags

----------

Wholesale Handbags Blog

----------

Submit Articles to Google Website List

----------

Brazilian Eyelash Treatment at Search Wholesale Handbags

----------

Brazilian Tested Lash Growth Serum at Wholesale Handbags Purse

----------

Chinese Wholesale Handbags

----------

Vestidos Noiva em Weddingmart.pt

----------

USA Wholesale Handbags

----------

Brazilian Eyelash Enhancer at Find Wholesale Handbags

----------

Soccer shirt

----------

The best mother of the bride dresses at TidebuyBridal.com

----------

Cheap human hair wigs at ishowigs.com

----------

cheap prom dresses at JDdresses.com

----------

Special Occasion Dresses

----------

Churrasco Catering and Churrasco Skewers

----------

brautjungfernkleider

----------

Australia Fashion online Outlet

----------

read more about Writing-Expert.com writing service

----------

Brazilian Cheap Handbags and Purses at Baginc

----------

Submit Website & Articles to Bing Web Directory

----------

Get Me Earrings

----------

Wholesale Clothing On Sammydress.com

----------

Brautkleider 2013

----------

Global Online shopping with free shipping at Handgiftbox

----------

Search