Brazil's central bank to continue increasing rate, with inflation on target at the end of 2016

Friday, May 8th 2015 - 07:48 UTC

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Brazil's central bank expects inflation to run above the official target this year and next, despite months of monetary tightening, signaling policymakers could maintain an aggressive pace of interest-rate hikes to lower stubborn prices. In the minutes of its April 29 rate-setting meeting, the bank said it would remain vigilant to ease persistently high inflation. Read full article

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ChrisR
“but on the other hand, more rate hikes could end up further slowing activity in a recession-bound economy.”

At last! The economy is already going downbank just like an argie sub, never to be seen again and he wants to keep slamming on the brakes: does anybody in SA understand simple economics?

I think the answer is no.
May 08th, 2015 - 12:03 pm - Link - Report abuse 0
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yankeeboy
Forbes is saying the Brazilian “Miracle” was nothing more than a mirage.

Inflation is at 8 going to 9% and the drought is going to mean they have to import more fuel since they rely heavily on Hydro electric. Plus everyone is afraid to do business and not get caught up in the PBR scandal. I think more big bankruptcies are on the way.

The future is not too bright for Brazil until they get rid of Dilma and Lula.
May 09th, 2015 - 10:42 am - Link - Report abuse 0
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