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Banks Push to Lift the 12% Cap in Brazil Housing Credit

Large banks are negotiating with Brazil's central bank to revise the 12% cap on housing credit, but no formal proposal exists. The ceiling remains in force for now.

  • Large Brazilian banks seek to raise 12% cap on housing credit.
  • Talks with central bank aim to revise ceiling in new mortgage model.
  • Current cap applies to properties valued up to 2.25 million reais.

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