Brazil cuts 2012 spending to meet budget surplus and allow interest rates to fall

Thursday, February 16th 2012 - 07:22 UTC

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Brazil will cut 55 billion Reais (32 billion dollars) from this year’s budget to allow interest rates to fall, while increasing investment to boost growth in the world’s second-biggest emerging market. Read full article

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ChrisR
With lower rates the country will grow more (perhaps) AND the retired people with a bit of money in the bank will pay for it (true).
Feb 17th, 2012 - 10:45 am - Link - Report abuse 0
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