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Brazil raised the basic interest rate 50 basic points to 11.75%

Thursday, December 4th 2014 - 05:03 UTC
Full article 2 comments

Brazil's central bank on Wednesday raised its key interest rate by 50 basis points to 11.75%. The rise came on the back of a one quarter point rise just over a month ago which was the first since April and in the wake of populist Dilma Rousseff's re-election as president, who last week appointed a new finance team to tackle rising inflation. Read full article


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  • ChrisR

    Tromboney will be playing the same old sad song for the next few years unless something positive is done for the economy.

    Gagging DumbAss Dilma would be a good start.

    Everytime she opens her yap something bad happens to the financial system.

    Dec 04th, 2014 - 11:03 am - Link - Report abuse 0
  • Jack Bauer

    @1 ChrisR
    Definitely bad news for Brazil's less privileged classes (Dilma's voters...serves them bloody well right), but I ain't complaining..... means a better return on investments...

    Dec 04th, 2014 - 04:08 pm - Link - Report abuse 0

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