MercoPress. South Atlantic News Agency
Brazil raises basic rate 50 points to 13.25%, highest since December 2008
As was anticipated and in line with the current anti-inflation policy, Brazil's central bank on Wednesday evening announced the increase of the basic Selic interest rate another 50 points to 13.25% from 12.75%. The decision from the nine-member Monetary Committee was unanimous, according to the official release. Read full article
Comments
Disclaimer & comment rulesRaising interest rates during a period of no growth?
Apr 30th, 2015 - 10:28 am - Link - Report abuse 0What a way to dampen growth even further.
The blew their wad when they should have been saving it for a rainy day.
Apr 30th, 2015 - 10:55 am - Link - Report abuse 0Now its pouring and they have very little policy adjustments they can make.
Deep doo doo
@ 1 Skip
Apr 30th, 2015 - 11:31 am - Link - Report abuse 0But we did expect it, didn't we, given the contrarian track record of Brazil's 'rulers'?
I think Mr. Market is going to have his own back very shortly with riots and blood letting before it gets any 'better'.
Are the Olympics still going ahead, I wonder? That will rescue them! Ha, ha, ha.
@ 2 yankeeboy
But what will be swimming in the doo-doo?
I am curious to watch how the Congress reacts when they go into an austerity plan and to see how the slum dwellers react.
Apr 30th, 2015 - 12:57 pm - Link - Report abuse 0Its such a crazy balancing act with “progressive” policies.
And in the end they never work.
Brassholes, Julianasshole,
Apr 30th, 2015 - 02:30 pm - Link - Report abuse 0where are you now ? enjoying getting shafted by the high interest rates ? can't pay the installment of your shitty apartment provided by Dilma's “Minha Casa, Minha Vida” ?? Soon, you and all your stinky friends will be back under the bridge, from where you should never have left.
@ 5 Jack Bauer
Apr 30th, 2015 - 04:37 pm - Link - Report abuse 0And still no Brasileiro eh??????
Perhaps he hasn’t got internet access being “back under the bridge”.
Yes where is Brasshole and a feeble attempt to explain that Brazilian Government know's how to manage the economy. Crazy situation of their own doing, upping interest rates when the economy is going backwards is bizarre.
Apr 30th, 2015 - 04:42 pm - Link - Report abuse 0@7 Tik Tok
Apr 30th, 2015 - 06:05 pm - Link - Report abuse 0It is probably the only real lever they have on inflation, control the money supply.
Thatcherism has arrived in S. America, Yey.
Until they stop the free money to slumdweller programs their economy will not recover.
Apr 30th, 2015 - 07:26 pm - Link - Report abuse 0Always such a balancing act with Progressives.
I will pay you to support me alas other people's money always runs out.
@6 Pugol-H
May 01st, 2015 - 08:21 pm - Link - Report abuse 0Brasshole and his friend Julianoasshole obviously can't think up a good enough lie to post here.... I have a good friend, unfortunately (still ?) a petista, but our friendship has managed to transcend his political preferences. During our conversations, I can see that he is having second thoughts about the PT, and might even sometime soon - even though a mite reluctantly - admit that the PT has screwed Brazil. This is only possible, because one, he has had a decent education and two, is therefore capable of discerning the truth from the PT bullsh*t built-in to all their propaganda. Their latest piece of crapaganda, currently airing on TV, says something to the effect of “not everyone likes the PT, but that is OK, as those who oppose them, do so only because they are envious of the PT's success with regards to social conquests”....They mention nothing of the shambles they have made of the economy, but this obviously works for the likes of the asshole brothers, who are too uneducated and ignorant to see through all the deceit.
not need the government's help to win these things ... and contrary to their country. “my” government created the “Family Bag” to “my house, my life” to help the poor. ja your beautiful wonderland must have disgusted poor, do not you?
May 03rd, 2015 - 12:47 am - Link - Report abuse 0“jack bauer” before speaking of my country. you should look your. we have slums? We have. and you guys also have, but our slums are made of bricks and wood, since their slums are made of metal called trailers.
you guys are the only ones who believe in the “perfection” American passing in the movies, but who was already in his parents know it's not the wonderland ...
you should pay attention to their economy and not ours.
and make the world a favor: leave the front of the pc and try to eat your macdonalds. because you have not know anything about economics, let alone policy ...
adeus... “Murica”...hahaha...
Nurse!
May 03rd, 2015 - 01:29 am - Link - Report abuse 0Another one is loose!
Get the tranquiliser darts!
comment on here. I'm going to waste my time? Saturday and Sunday is to stay with his girlfriend and family. already you have no social life.You have to stand in front of the pc spewing nonsense.
May 03rd, 2015 - 08:43 pm - Link - Report abuse 0jack bauer should be those chubby nerds with no social life and think someone of 1 cent for his opinion on a site any ... will live chubby life ... will seek a girlfriend ... hahahaha ... goodbye ...
ilsen... use tranquilizers darts in your fatty family. that look like a herd of elephants running in the direction macdonalds ... chubby scrotum ... hueheuehueheuehuehe ... adeus...
@11 Julianoasshole
May 03rd, 2015 - 08:48 pm - Link - Report abuse 0ô babaca !!!!! MY country IS Brazil you stupid moron......If I didn't live here I wouldn't give a shite what goes on here......
And you, you receive the “Family Bag” do you ??....and your shitty apartment is financed by “my house, my life” is it ? how sweet.....sucking off the taxpayer and thinking that's fine. You are a disgrace to Brazil and to the human race...that is, IF you can be considered 'human'...
Juliano you are a class A twat, take Brasileiros thingy out of your mouth. Babaca
May 03rd, 2015 - 10:10 pm - Link - Report abuse 0@13 juliano
May 04th, 2015 - 05:20 pm - Link - Report abuse 0So, any comment on the issue here, Brazil raising its base interest rate to 13.25%?
Or even the 8.13% inflation rate for March?
Is it all a Yankee plot, or are they actually signs of an improving fiscal situation in Brazil?
@15 Tik Tok, @ 16 Pugol-H,
May 04th, 2015 - 09:48 pm - Link - Report abuse 0Julianoasshole has nothing to say about the SELIC rate going to 13.25% p.a. Reason ? because he doesn't even know what it means.....neither does he understand how inflation is produced, but he must be surely feeling its effect on his paltry income ; Now he'll have to forfeit his plans to buy a second-hand car, he's probably already in arrears on the payments of his shitty apartment financed by fatty Dilma....his “family bag”, wtf is that meant to be ? sounds like his scrotum.....anyway, his “bag” doesn't get him very far....he can't afford to have a decent social life - what he looks forward to most, is strolling down to the local cyber café beside his slum, to get on-line so he can spew some of frustration on to people who coudn't care less about him....he has no idea what it is to go out to a good restaurant, eat and drink of the best, and then go home to a comfortable bed and sleep soundly....he is probably woken up every 5 minutes by shoot-outs between local drug traffickers, or by his neighbours trying to kill each other...
Jujú, if you intend answering to the above, please don't - just tell us what you think of the interest rate at 13.25%...
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