January 19, 2012 | Morning Briefing |
Brazil’s central bank cut its benchmark Selic interest rate for the fourth straight meeting to 10.5% in an effort to offset the global economic slowdown that has resulted from the euro debt crisis—and that is projected to get worse in 2012.
December 30, 2011 | Uncategorized |
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December 7, 2011 | Morning Briefing |
Want to know what an economic hard landing of the kind investors fear in China looks like? Just take a glance at Brazil this morning where a central bank determined to slow growth to fight inflation by raising interest rates has produced a drop in GDP of 0.04% in the third quarter