Brazil raises basic interest rate to 9.5% and leaves door open for further increases

Thursday, October 10th 2013 - 05:11 UTC

Full article 4 comments

Brazil Central bank raised interest rates for the fifth straight time on Wednesday and gave no indication of backing off its battle with high inflation. The benchmark Selic interest rate now stands at 9.5%, up fifty basic points from 9%. Read full article

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ChrisR
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Oct 10th, 2013 - 09:17 pm - Link - Report abuse 0
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Brasileiro
It is a policy of attracting capital, not to contain inflation. Brazil tries to attract capital to accelerate mundança your investment profile. That's it.

Will not reach double digits!

Still, compared rates July/2012, the government is saving $ 25 billion. Have patience. Those in a hurry eat raw.
Oct 11th, 2013 - 03:50 pm - Link - Report abuse 0
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ChrisR
@ 2 Brasileiro
“Those in a hurry eat raw”

Another little saying from Brazil then?

Quem tem pressa come cru, perhaps!

I try never to eat in a hurry, it’s so ungentlemanly
Oct 11th, 2013 - 07:59 pm - Link - Report abuse 0
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Brasileiro
Yes, ChrisR. It is a Brazilian saying, I think. hahaha
Oct 11th, 2013 - 08:13 pm - Link - Report abuse 0
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