Brazil may cut central bank reserve requirement

The central bank of Brazil may lower its reserve requirement for commercial banks by as much as 20 percent President Lula's chief of staff said.

Source: Bloomberg

Brazil's central bank is considering cutting the amount of money that commercial banks must keep with it as reserves, O Estado de Sao Paulo said on its Web site, citing legislators' reports of comments by Jose Dirceu, President Luiz Inacio Lula da Silva's chief of staff.

The Central Bank of Brazil is considering a cut of 10 to 20

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