Will Record Low Interest Rates Help Brazil’s Small Businesses?
Will Record Low Interest Rates Help Brazil’s Small Businesses?
Economic growth depends on small enterprises thriving—but they need funding. Record low rates could pull investors in their direction.
Not long ago, I got a call from a New York-based accountant asking if what he was seeing was true: a Brazilian savings account statement showing double-digit monthly returns "Oh yes," I told him It was absolutely normal – and the best deal in town! Just leave your cash parked in a bank and watch it grow Fast forward just a couple of years and, well, things have changed At 225%, the basic interest rate has been cut eight times in a row since last year If you’re an old Brazilian like me, a rate that low sounds like science fiction Granted, the pandemic has forced Brazil's...
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