Friday, November 7, 2014

Despite Weak Growth, More Rate Hikes Coming To Brazil - Forbes

The market has read the tea leaves from the Brazilian Central Bank. The future is not bright. After pining through their monetary policy committee meeting's minutes on Thursday, it's unanimous: Brazil's interest rates will rise another 25 basis points to 11.50% next month and inflation is not coming down.

http://www.forbes.com/sites/kenrapoza/2014/11/06/despite-weak-growth-more-rate-hikes-coming-to-brazil/




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