March 19, 2020 / 1:37 PM / 11 days ago

Brazil's Caixa cuts interest rates and offers 60-day grace period - statement

SAO PAULO, March 19 (Reuters) - Brazilian state-owned lender Caixa Economica Federal on Thursday said it is cutting loan interest rates and is offering clients a grace period of 60 days, according to a statement.

The move by the state-controlled lender is part of Brazil’s government efforts to help economic activity amid the coronavirus outbreak.

Reporting by Carolina Mandl

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