Brazil central bank increases basic rate to 12,25%, highest since August 2011

Thursday, January 22nd 2015 - 06:39 UTC

Full article 4 comments

Brazil's central bank raised interest rates to a more than three-year high on Wednesday, maintaining an aggressive pace of monetary tightening to contain high inflation, help the economy back on its tracks and win investors disillusioned with the once-booming economy. Read full article

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macsilvinho
Brazilians: -Faster your seatbelts, the corrupt government of PT needs money to fix the generalized robbery and increase their funds to remain in power. You pay the bill!”
Jan 22nd, 2015 - 11:12 am - Link - Report abuse 0
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313toBioBio
Mazel Tov Roussef Levy team! Gold and Guns brazilians!
Jan 22nd, 2015 - 03:45 pm - Link - Report abuse 0
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Jack Bauer
The hardest hit by all these measures will be the lower class, or, from where most of the PT voters come from. They'll have 4 years to re-think their options.
Jan 22nd, 2015 - 09:30 pm - Link - Report abuse 0
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Skip
And the Brazilian economy chokes further.

Reform reform reform.

If Brazil doesn't make the hard choices now then it will go nowhere.
Jan 23rd, 2015 - 05:42 am - Link - Report abuse 0
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