Brazil c bank lowers reserve requirements to 45%

Brazil's central bank lowered bank reserve requirements on demand deposits by 15% on Friday. The bank said that "the measure was possible because monetary policy has made inflation converge to targets".

Source: Agencia Estado

Brazils Central Bank on Friday decided to cut bank reserve requirements on demand deposits to 45% from 60%.

In a statement, the bank said "the measure was possible because monetary policy has made inflation converge to targets."

After raising interest rates gradually since O