BRASILIA Aug 20 Brazil's government will create
a new covered bond to raise funding for real estate loans and
ease rules to boost mortgage and auto loans, Finance Minister
Guido Mantega said on Wednesday in yet another effort to boost a
"Credit retreated too sharply but it will improve, though at
a gradual pace," Mantega told journalists at a briefing.
Earlier on Wednesday, Brazil's central bank moved to
increase the amount of capital available for commercial loans by
at least 25 billion reais ($11.1 billion).
(Reporting by Luciana Otoni; Writing by Silvio Cascione;
Editing by Diane Craft)