(Bloomberg) -- Brazil's central bank today will
probably lower the benchmark interest rate for a 17th straight
time as the strongest exchange rate in almost seven years keeps
inflation in check.
The seven-member board will lower the overnight rate today
by a half-point to 11.5 percent at its almost monthly meeting in
Brasilia, matching the biggest cut of 2007, according to all 32
economists surveyed by Bloomberg. The bank has slashed the rate
7.75 percentage points from 19.75 percent in September 2005.
Read more at Bloomberg Emerging Markets News
probably lower the benchmark interest rate for a 17th straight
time as the strongest exchange rate in almost seven years keeps
inflation in check.
The seven-member board will lower the overnight rate today
by a half-point to 11.5 percent at its almost monthly meeting in
Brasilia, matching the biggest cut of 2007, according to all 32
economists surveyed by Bloomberg. The bank has slashed the rate
7.75 percentage points from 19.75 percent in September 2005.
Read more at Bloomberg Emerging Markets News
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