In a divided vote, Brazil's central bank raised the Selic rate 25 points to 11.25%

Thursday, October 30th 2014 - 10:39 UTC

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In a surprise move and in divided vote (5 to 3), Brazil's central bank monetary board, Copom, decided to raise its benchmark Selic rate by 25 basis points to 11.25%. A majority of economists and analysts anticipated that the bank would opt to keep rates unchanged. Read full article

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Jack Bauer
Great news !! Only 3 days after the fat B has won her 2nd term, and the prime rate shoots up. Can't complain, the higher it goes, the more I earn. Next on the list is the price of gas...hope it goes through the roof, and takes a big chunk out of everyone's wages. After that will be the price of energy......and the addition of a few more taxes.....can't wait to hear all the complaining.
Oct 30th, 2014 - 05:06 pm - Link - Report abuse 0
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