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Brazil dips its toe into the QE business, de facto requiring large lenders use part of their...
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Friday, December 23, 2011, 8:31 AM ETBrazil dips its toe into the QE business, de facto requiring large lenders use part of their reserves deposited with the central bank to purchase loan portfolios from smaller institutions. If the big banks don't participate, they won't receive interest on a portion of their deposits with the central bank, no small inducement when the rate is 11%.
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