Despite inflation risks Brazil keeps interest rates at record low, 7.25%

Thursday, January 17th 2013 - 14:04 UTC

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The Brazilian central bank kept its benchmark interest rate at a record low for the second straight meeting, 7.25%, despite admitting inflation was a short term risk and economic recovery less intense than expected. Read full article

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ChrisR
“Tombini admits inflation has proven resilient in the short term”

I have news for him: as long as Mantega is the Finance Minister it will be 'resilient' in the long term as well.

But keep altering the rate is not the thing to do, so this bunch have that correct.
Jan 17th, 2013 - 08:06 pm - Link - Report abuse 0
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