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Montevideo, September 27th 2023 - 09:48 UTC



Fearing high inflation Brazil raises basic rate 50 basic points to 8%

Friday, May 31st 2013 - 07:15 UTC
Full article 3 comments

Brazil's central bank raised its benchmark interest rate on Wednesday to 8% from 7.5%, as part of an effort to battle high inflation in an economy that keeps struggling with slow growth. Read full article


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  • ChrisR

    Oh dear!

    It was always going to be thus when the tax breaks and subsidies worked through the system.

    Strong words from the Governor of the Bank: I hope he doesn't end up eating them.

    Can anyone tell me WHO is in charge of financial strategy in Brasil, or even if there is someone?

    May 31st, 2013 - 12:42 pm - Link - Report abuse 0
  • JoseAngeldeMonterrey

    Brazil is desperately trying to curve inflation, their currency´s still overvalued, they blame the currency flows from US, Europe and Japan, but everyone knows the Real goes up because of huge commodity exports. So while the country´s agricultural exports bring in massive amounts of Dollars, the country´s involved in a Dutch Disease conundrum nobody wants to recognize.

    Jun 01st, 2013 - 01:52 am - Link - Report abuse 0
  • God.Is.An.Illusion

    EUR 1,00 = BRL 3,00 would be a good balance.
    I can't wait .....

    Jun 02nd, 2013 - 04:22 pm - Link - Report abuse 0

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