Brazil’s Central Bank to Instill Savings Culture

By Doug Gray, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL - With the Brazilian boom predicated on the spending of previously unavailable lines of credit, economists' fears of unsustainable levels of debt are clearly resonating with policy makers at the country's Central Bank. With just one week to go before Christmas, the brakes are being put on and consumers are being encouraged to save rather than spend.

Figures from the Central Bank show that Subscribe to our Premium Membership Plan. Already Subscribed?