Lowering interest rates in Brazil will be "moderate and gradual", says Central bank

Lowering interest rates in Brazil will be “moderate and gradual”, says Central bank

Thursday, October 27th 2016 - 03:29 UTC

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Inflation forecasts for the next couple of years point to limited room for monetary easing in Brazil, the central bank said on Tuesday, suggesting it is unlikely to accelerate the pace of interest rate cuts in its November policy meeting. In the minutes of its Oct. 19 meeting, in which it cut its benchmark Selic rate by 25 basis points to 14%, the bank also said it was worried about a recent pause in the slowdown of services price rises. Read full article

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:o))
Wait till they too learn the “tricks of the trade” of making their [undeclared, overseas] accounts fatter.
Nov 03rd, 2016 - 02:37 pm - Link - Report abuse 0
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