Brazil to end savings reserve requirement for real estate funding

BRASILIA (Reuters) -Brazil's government unveiled a new real estate funding model on Friday that will eliminate mandatory reserve requirements at the central bank tied to savings accounts starting in January 2027. Until then, banks will continue to allocate 65% of savings deposits to housing loans, as currently required, the government said in a statement, but will be able to reduce compulsory deposits. (Reporting by Marcela Ayres; Editing by Mark Porter)

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