Despite a contracting economy Brazil increases basic interest rate to 13.75%

Thursday, June 4th 2015 - 08:54 UTC

Full article 5 comments

Brazil raised interest rates to the highest levels in more than six years on Wednesday, extending a tightening campaign and leaving the door open for more hikes despite concerns that steep borrowing costs could deepen an expected economic recession. Read full article

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Raising interest rates during a recession.

Oh damn!!!!!
Jun 04th, 2015 - 11:24 am - Link - Report abuse 0
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Brasileiro
Inflation. They will reduce economic activity until only the competitive survive. Then they decreased interest rates to increase competitiveness without inflation.
Jun 04th, 2015 - 01:34 pm - Link - Report abuse 0
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Chicureo
What a terrific idea! Force several businesses into bankrupsy and the large companies become monopolies.
Jun 04th, 2015 - 06:22 pm - Link - Report abuse 0
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ljordao
Brasileiro's words are the perfect example of what Brazilians call “abobrinha”.
Jun 04th, 2015 - 06:38 pm - Link - Report abuse 0
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ChrisR
@ 4

Is that what he uses for a head?
Jun 04th, 2015 - 07:14 pm - Link - Report abuse 0
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