Brazil's central bank sounds more flexible on the world's highest interest rates

Wednesday, September 7th 2016 - 17:00 UTC

Full article 5 comments

The Brazilian central bank said on Tuesday that future interest rate cuts will not depend on any single factor, signaling that policymakers are ready to ease monetary policy as inflation expectations improve. In the minutes of its last rate-setting meeting, the bank said all members were satisfied with the progress of disinflation, but remained cautious about high inflation expectations for 2017. Read full article

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Brasileiro
https://www.youtube.com/watch?v=IT1eNwCgF6c

Go Brasil!
Sep 07th, 2016 - 06:19 pm - Link - Report abuse 0
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Jack Bauer
@1 Brasshole
had a change of heart ??? (just fyi, 'BraZil' in English)
Sep 08th, 2016 - 06:10 pm - Link - Report abuse 0
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ChrisR
So what does this all mean?

More of 'we don't know what to do' it seems to me.

Having very high interest rates and expecting industrial growth seems the diametrical opposite of what grown-ups would do.
Sep 08th, 2016 - 07:19 pm - Link - Report abuse 0
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chronic
This action is just immaterial.

Whether money flows into debt or equity the bazillions are just going to loot it.
Sep 09th, 2016 - 02:30 pm - Link - Report abuse 0
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Jack Bauer
@3 ChrisR
While you're absolutely right about high interest rates hampering industrial growth, there is another , far more persistent and perverse component that screws every company - ridiculously high social taxes levied on payrolls, averaging over 100%.
Sep 09th, 2016 - 04:32 pm - Link - Report abuse 0
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