Brazil Lowers Interest Rates, But Risks Remain
- Thursday, September 1, 2011, 3:17
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Brazil lowered its benchmark Selic interest rate Wednesday, but domestic and international risks to the country’s equity market remains. The Central Bank of Brazil’s Monetary Policy Committee cut the Selic 50 basis points to 12%, on of the highest interest rates in the world. Real rates are around 6%, as the core IPCA inflation rate remains at 6% over the last 12 months.
http://www.forbes.com/sites/kenrapoza/2011/08/31/brazil-lowers-interest-rates-but-risks-remain/
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