The Brazilian long-term lending rate (TJLP) is reduced to 7% and given new method of calculation 

Brazilian President Michel Temer approved a new system for the calculation of the Long-Term Interest Rate (TJLP), at an extraordinary meeting of the National Monetary Council (CMN). The Council also decided to cut the TJLP from 7.5% to 7% per annum, a percentage that will run from April 1 to June 30.

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