Combating inflation and austerity reforms Brazil central bank's priorities

Monday, October 10th 2016 - 11:49 UTC

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Brazilian central bank chief Ilan Goldfajn said policymakers have no set time frame to cut interest rates, even as industrial data suggested that Latin America's biggest economy may take longer than expected to emerge from recession. Read full article

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ChrisR
“Brazilian central bank chief Ilan Goldfajn said policymakers have no set time frame to cut interest rates, even as industrial data suggested that Latin America's biggest economy may take longer than expected to emerge from recession.”

Of course there is no preset time frame: they don't know WTF to do. That much is clear when they keep interest rates so high when businesses need money to expand.

Bankers in SA are even bigger wankers than the wankers in the US and Europe banking.
Oct 10th, 2016 - 05:38 pm - Link - Report abuse 0
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