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Brazil central bank admits interest policy has not been effective in fighting inflation

Friday, March 13th 2015 - 11:28 UTC
Full article 5 comments

Brazil's Central Bank appears likely to continue raising interest rates in the short-term, saying in its most recent meeting that its inflation-fighting effort in recent months has been insufficiently effective. The view was reflected in the minutes, published on Thursday, of its monetary policy committee's March 4 meeting, when the bank raised its benchmark Selic interest rate by 50 basis points to 12.75%. Read full article

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  • ChrisR

    “Brazil central bank admits interest policy has not been effective in fighting inflation” !!!!!!

    The hell it hasn't and the reason is very simple to understand: there is NO cohesive fiscal policy in place in Brazil.

    Various ad-hoc attempts to paper over the cracks and direct actions that can only end in tears [remember DumbAss instructing the banks to loan to deadbeats OR ELSE?] have all done the damage anybody with half-a-brain could have predicted.

    Where has fucking with Mr. Market got you DumbAss? Exactly where I predicted it would with Mr. Market fucking YOU (and unfortunately the country as well - as anticipated).

    Childish actions from the Rulers of SA: why does nothing ever change?

    Mar 13th, 2015 - 06:43 pm - Link - Report abuse 0
  • Brasileiro

    Never will change on their own. Our America is that transforms us, not us to it.

    Burro demais!

    Mar 13th, 2015 - 09:59 pm - Link - Report abuse 0
  • Bisley

    Inflation is the increased supply of money and credit produced out of thin air by governments and the banking industry (usually to cover government borrowing). It's would be simple enough to stop it, but they aren't going to; it's easier to lie, and blame it on something else.

    Mar 13th, 2015 - 10:12 pm - Link - Report abuse 0
  • Jack Bauer

    @2 BrASSHOLES
    “Burro demais”....é isso aí seus putos.....voces são burros p'ra car*lho. Nem Inglês sabem escrever !
    Translation :
    The Brazzos are too friggin' stupid to understand what's happening in Brazil...screw them ! Can't even write basic English !!

    Mar 13th, 2015 - 10:54 pm - Link - Report abuse 0
  • imoyaro

    No wonder the Masons are demonstrating in the streets against La Tronca. ;)

    http://news.bbcimg.co.uk/media/images/81665000/jpg/_81665893_81665892.jpg

    Mar 16th, 2015 - 12:09 am - Link - Report abuse 0

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