MercoPress, en Español

Montevideo, May 18th 2022 - 03:30 UTC

 

 

In a surprise move, Brazil's central bank leaves interest rate unchanged at 14.25%

Thursday, January 21st 2016 - 07:13 UTC
Full article 11 comments

Recession-hit Brazil's central bank in a divided vote left the key interest rate untouched on Wednesday despite rising inflation, opting against an increase that could put a further brake on the world's seventh-biggest economy. Read full article

Comments

Disclaimer & comment rules
  • Brasileiro

    My guess is that interest rates will begin to download to support investments directed to export, infrastructure and construction. Intensive activities that generate demand for labor.

    The Labour government should lower interest rates to a minimum of 4% pa and cover any cash withdrawals invested in treasury bonds with our foreign exchange reserves in dollars.

    In my forecast interest in this 4% level they gave Brazil a nominal surplus 10% of GDP per year. What would give the Brazilian government a great power of investment.

    https://www.youtube.com/watch?v=oxYnhkP9SQY&list=FLmXPTu1f8AdGlizWNiASx2A

    Jan 21st, 2016 - 10:08 am - Link - Report abuse 0
  • yankeeboy

    Brazil is worse than anyone has been predicting ( except me of course :)
    Anyhoo expect the Rial to go to 6/1 and inflation to top 20%

    Then its all over
    They'll never get inflation down
    it will spiral out of control
    and Brazilian companies will go bankrupt one after the other trying to pay back their U$ denominated loans

    Brazil doesn't have near enough reserves to fix this problem
    They'll start burning through them regardless

    Their won decade looks a lot like Argentina's won decade
    All propaganda with no substance

    They have too many poor uneducated people to ever make it out of being a 3rd world sh*thole.

    Jan 21st, 2016 - 01:08 pm - Link - Report abuse 0
  • ChrisR

    The only surprise to me is that they still have a Central Bank!

    Dropping the interest rate to half what it is would encourage the economy and promote employment but it will never happen.

    Jan 21st, 2016 - 02:09 pm - Link - Report abuse 0
  • L0B0MAL

    It was not a “surprise move”but an expected move!

    In fact,
    A:the politics is in a mess,
    B:the economy is going down the drain and
    C:the corrupt politicians are running helter skelter to save their backsides.

    THIS is a perfect recipe either for creating a “State of Emergency” OR for a “Collor-Style” Blow - in case if the armed forces are not interested in assuming control.

    Jan 21st, 2016 - 03:48 pm - Link - Report abuse 0
  • Jack Bauer

    They've finally realized that increasing the SELIC rate is ineffective as long as Dilma keeps on pouring billions into the economy through handouts to the free-loaders. Dilma and the PT would rather cut investments in all essential sectors before they cut government running expenses....as they HAVE done. Just digging the hole deeper.

    Jan 21st, 2016 - 07:27 pm - Link - Report abuse 0
  • Brasileiro

    Bad Wolf are you Jack Bosta?

    https://www.youtube.com/watch?v=ydRAb9cwHnA&index=5&list=FLmXPTu1f8AdGlizWNiASx2A

    Jan 21st, 2016 - 09:02 pm - Link - Report abuse 0
  • yankeeboy

    PBR under 3.

    As PBR goes so does Brazil.

    Jan 21st, 2016 - 09:20 pm - Link - Report abuse 0
  • Brasileiro

    What less to worry us are the United States. You are the past!

    https://www.youtube.com/watch?v=Cj_mW22ioZo&index=2&list=FLmXPTu1f8AdGlizWNiASx2A

    I'm sorry. I myself do not want it that way. But ...

    Jan 21st, 2016 - 09:35 pm - Link - Report abuse 0
  • yankeeboy

    The USA will be the richest most powerful nation in the world long after you're dead.

    I giggle every time I think about you believing the BRIC nations would ever amount to anything.

    You're really dumb.

    Jan 21st, 2016 - 10:32 pm - Link - Report abuse 0
  • Tik Tok

    Central Bank took one for team Dilma and lost credibility big time for it, Real sinking lower and lower and lower now. The crazy thing is that the decision will mean that inflation will hang around for longer, and that is the killer for the poor. Gawd those PT idiots are a bunch of twats.

    Jan 21st, 2016 - 10:47 pm - Link - Report abuse 0
  • Jack Bauer

    @6 BRasshole (the one with shit for brains)
    Me, “Bad Wolf” ???....sorry to disappoint you, asshole, but no.

    Jan 22nd, 2016 - 06:22 pm - Link - Report abuse 0

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!