Brazil's BNDES sees no need to raise long-term lending rate
BRASILIA, April 25
BRASILIA, April 25 (Reuters) - Brazilian state development bank BNDES President Luciano Coutinho said on Thursday that it did not make sense to increase the country's long-term lending rate, known as TJLP, because inflation is expected to recede.
He said on a teleconference with foreign reporters that the government was committed to keeping inflation under control.
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