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Will Record Low Interest Rates Help Brazil’s Small Businesses?

July 07, 2020

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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