BRASILIA Dec 16 Brazil's central bank loosened reserve requirement rules for banks in need of financial assistance, excluding emergency liquidity facilities from the calculation of reserve ratios, the bank said in a statement on Wednesday.
The central bank will also allow financial institutions to deduct up to 70 million reais ($17.94 million) in cash deposits from the calculation of their reserve requirements, up from 44 million reais previously.
07:53 EFG International to cut up to 450 jobs as part of BSI integration17
16:37 Fitbit acquires software assets from rival Pebble13
10:05 JPMorgan, HSBC, Credit Agricole Fined $521 Million Over Euribor20
02:14 Must-pass spending bill includes money for Flint and path for Mattis confirmation17