Central Bank Does Not Envision Second Covid-19 Wave in Brazil, Says Director

The director said that should a second wave occur, other measures will be taken regarding the economy, such as a new credit extension.

RIO DE JANEIRO, BRAZIL - The Central Bank does not expect a "second wave" of the novel coronavirus pandemic to occur in the country, Fabio Kanczuk, the Central Bank's director of economic policy, said yesterday during an online seminar promoted by the Association of Banks in the State of Rio de Janeiro (ABERJ).

"In our basic scenario, there is no second wave of the virus, which is the main current threat in developed countries. When it seemed that the pandemic was over, the reopening came and the isolation measures returned. This is the big issue today in the United States . . .

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