Mantega anticipates higher interest rate to help keep inflation under control

Monday, February 18th 2013 - 06:18 UTC

Full article 5 comments

Brazil’s Finance minister Guido Mantega in Moscow for the G-20 meeting, said that inflation above the government's target raises a yellow flag and that monetary policy, not the exchange rate, is the right tool to control prices. Read full article

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ChrisR
Not as simple as Mantega thought to 'control' the Real, is it?

All the stunts he has pulled in the last 18 months has resulted in this quandry.

Talk about mixed messages, even Mr. Market is confused but not for long.

I remain confident that, as usual, this excuse for a finance minister will continue to snatch defeat from the jaws of victory.
Feb 18th, 2013 - 12:14 pm - Link - Report abuse 0
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JoseAngeldeMonterrey
He´s got Brazil into a real mess where there´s no growth, but high-inflation threatens the economy. The worst of both worlds.
Feb 18th, 2013 - 05:13 pm - Link - Report abuse 0
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ChrisR
@2 JoseAngeldeMonterrey

Correct, I have been saying this will happen for 8 / 10 months, but all I have got in response, instead of a concerted value judgement, is a load of drivel from one alleged Brazilian.
Feb 18th, 2013 - 06:46 pm - Link - Report abuse 0
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Fido Dido
“He´s got Brazil into a real mess where there´s no growth, but high-inflation threatens the economy. The worst of both worlds.”

He's doing much better than compare to that hell hole and exporting drugs and illegal aliens based economy there, called Mexico. Inflation in Brazil, and I mean REAL inflation is lower compare to the US (real inflation is 11%, not that bogus 2.5%) and compare to the UK ..real inflation is 8% (that island where that retard and web based idiot is from but claims to live in Uruguay though cannot speak one word of English). Of course keep believing your government that claims to be so honest.
Feb 18th, 2013 - 09:01 pm - Link - Report abuse 0
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ChrisR
4 Fido Dildo

I thought you were dead.

Spouting crap again I see, well, what can we expect from a bitter European who lives with a LatAm lady in America and can’t go back to Holland?

“but claims to live in Uruguay though cannot speak one word of English” ha, ha, ha. Perhaps you mean Espanola?

There is a local saying which suits you and you flawed character: el fuma abajo del agua! I hope you drown.

Try again you twat, you need to keep taking the mogadons and chill out. It’s a wonder that lady stays with someone so vile as you. Perhaps she is planning to leave you for someone better?

You will never know until it happens: the cuckold is always the last to know!
Feb 19th, 2013 - 05:03 pm - Link - Report abuse 0
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