Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Brazil Wants Banks to Pare Fees on Investment Funds, Folha Says

President Dilma Rousseff’s administration wants Brazilian banks to lower fees charged on investment funds, Folha de S.Paulo reported, without saying where it obtained the information.

Such a move would allow borrowing costs in Brazil to fall further without affecting the country’s savings-account rules, Folha said. Policy makers this week lowered the benchmark lending rate to 9 percent from 9.75 percent.

Since Brazilian law requires minimum returns on savings accounts, the government’s concern is that further cuts in borrowing costs can drive investors out of investment funds that track the Selic rate and into bank deposits. Lower fees in those funds would postpone the need for the government to change savings-account rules, according to Folha.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.