UPDATE 1-Brazil cut limits on BNDES development bank lending program

November 13, 2015 11:37 AM

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SAO PAULO Nov 13 Brazil's national monetary council cut the limits to a subsidized lending program administered by state-run development bank BNDES, according to a statement released on Friday.

The country's main economic policymaking body said it set the limit to a program known as Inovação-Grandes Empresas to 445 million reais ($118 million), down from 452 million reais. It slightly raised the limit to a capital goods purchase program for small companies to 30 million reais from 25 milli...

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