trending Market Intelligence /marketintelligence/en/news-insights/trending/tPwmp_d7JpBbUWfzBuyiAA2 content esgSubNav
In This List

Brazil's economy minister suggests privatization, merger for Caixa

Blog

The evolving world of central bank digital currencies

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Blog

Expand Your Perspective Uncover Insights on Key Markets with Differentiated Data

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds


Brazil's economy minister suggests privatization, merger for Caixa

Brazilian Economy Minister Paulo Guedes said Caixa Econômica Federal should be privatized or merged with Banco do Brasil SA if the main purpose of the state-run bank is to maximize profit, Valor Econômico reported.

However, the minister did not say whether such a merger would actually occur.

Speaking during an event, Guedes argued for lower interest rates on real estate financing as it would increase credit demand in the sector. Caixa, one of Brazil's biggest mortgage lenders, could use its excess revenue to lower interest rates, he said according to a Diário Comércio Indústria & Serviços report.