January 26, 2012
SouthAmerica: In my opinion, Brazil's Central Bank President Alexandre Tombini, should bring down the benchmark Selic rate to around 8 percent.
That would help the Brazilian economy to recover and also it would make the "hot money" to go away from Brazil - resulting in a better exchange rate for Brazil...to a better level for economic activity in Brazil such as R 2 = US$ 1.
*****
Bloomberg News â January 26, 2012
Brazilâs Central Bank Signals it Will Lower Interest Rates to Below 10%
http://www.bloomberg.com/news/2012-...chance-of-selic-falling-to-single-digits.html
.
SouthAmerica: In my opinion, Brazil's Central Bank President Alexandre Tombini, should bring down the benchmark Selic rate to around 8 percent.
That would help the Brazilian economy to recover and also it would make the "hot money" to go away from Brazil - resulting in a better exchange rate for Brazil...to a better level for economic activity in Brazil such as R 2 = US$ 1.
*****
Bloomberg News â January 26, 2012
Brazilâs Central Bank Signals it Will Lower Interest Rates to Below 10%
http://www.bloomberg.com/news/2012-...chance-of-selic-falling-to-single-digits.html
.
