4 de junio de 2014 / 13:58 / en 3 años

Brazil IOF tax cut aims to normalize forex market -Mantega

BRASILIA, June 4 (Reuters) - The Brazilian government’s move to cut taxes on short-term loans aims to normalize the currency market and not tame inflation, Finance Minister Guido Mantega said on Wednesday.

Earlier in the day, the government removed a six-percent IOF financial tax on foreign loans with maturities of between six months and a year. Analysts said the measure could help limit a recent depreciation of the Brazilian real, easing inflation pressure. (Reporting by Luciana Otoni; Writing by Alonso Soto; Editing by Bernadette Baum)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below