March 13, 2020 / 2:18 PM / 17 days ago

Brazil's public banks praise lower compulsory requirements, plan boost in lending

BRASILIA, March 13 (Reuters) - Brazilian state-controlled lenders Caixa Economica Federal and Banco do Brasil on Friday welcomed a reduction in banks' reserve requirements by the central bank, which they say will help ease current strains in the economy.

Caixa said three credit lines totaling 75 billion reais ($16