Latam Daily | Brazilian government takes a new step to tackle slowdown in domestic demand
Published on Tuesday, July 14, 2015 | Updated on Tuesday, July 14, 2015
Latam Daily | Brazilian government takes a new step to tackle slowdown in domestic demand
Summary
Following the announcement last week of a measure to try to reduce layoffs, the government increased the cap on payroll loans to 35% of personal income from 30% previously. In Chile, the monetary policy meeting will be held today. We expect the committee to leave rates at 3%.
Geographies
- Geography Tags
- Latin America
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Cecilia Posadas
BBVA Research - Principal Economist
Enestor Dos Santos
BBVA Research - Principal Economist
Jorge Selaive
Juana Téllez
BBVA Research - Chief Economist
Carlos Serrano
BBVA Research - Chief Economist
Hugo Perea
BBVA Research - Chief Economist
Alejandro Faci