Brazil's priority is curbing resistant inflation, say central bank minutes

Thursday, July 24th 2014 - 23:34 UTC

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Brazil's central bank indicated on Thursday it is unlikely to cut interest rates any time soon and instead is focused on curbing resistant high inflation even as the economy flirts with recession. In the minutes of its last policy meeting, the bank stressed that interest rates at current levels should help ease inflation in coming years. Read full article

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ChrisR
The answer is very simple and I have posted it before: get rid of The Liar Mantega and stop fucking with Mr. Market.

But like all the idiotic presidents in SA you can always rely on them to do the opposite.
Jul 25th, 2014 - 12:00 pm - Link - Report abuse 0
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yankeeboy
Maybe if they stopped transferring un-worked for payments to poor people inflation would slow down and they would have a better balance sheet.

Anyway as I said, the only way a Marxist Monkey knows how to “fix” an economy is print more worthless scrip and hope nobody notices that they're getting poorer everyday.
Jul 28th, 2014 - 01:25 pm - Link - Report abuse 0
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