Brazil raises benchmark interest to 12.75%, highest level since 2009

Thursday, March 5th 2015 - 08:17 UTC

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Brazil’s central bank raised its benchmark interest rate to 12.75% Wednesday, the highest level since 2009, as it struggles to get price increases under control amid sluggish economic growth and deepening political turmoil. Read full article

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ChrisR
They can make it 25% and it wouldn't encourage anybody with even half-a-brain to invest in the place.

Basically, Lula and DumbAss Dilma have screwed the entire country by putting it into the WC and Olympics at exactly the time their little get rich quick schemes have come to public attention.

Brasso is going to be pissed.
Mar 05th, 2015 - 04:20 pm - Link - Report abuse 0
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