Wednesday, July 4, 2012

Reuters: US Dollar Report: Brazil's economic overhaul to take time -Mantega

Reuters: US Dollar Report
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Brazil's economic overhaul to take time -Mantega
Jul 4th 2012, 13:30

SAO PAULO, July 4 | Wed Jul 4, 2012 9:30am EDT

SAO PAULO, July 4 (Reuters) - Brazil's government is not only taking piecemeal measures to support economic growth, but rather enacting a deep overhaul of economic and monetary policy that will take time to fully come into effect, Finance Minister Guido Mantega said on Wednesday.

Speaking to a meeting of business leaders in Sao Paulo, Mantega also said spreads on bank loans in Brazil are still far from desirable levels.

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