(Bloomberg) -- Brazil's central bank today may carry
out its biggest interest-rate cut of 2007 as a rally by the
country's currency holds inflation at an eight-year low.
The seven-member board may cut the overnight lending rate
by a half point to a record low 12 percent at its almost monthly
meeting in Brasilia, according to 18 of 25 economists surveyed
by Bloomberg. The other seven estimate the board will make its
fourth quarter-point reduction of 2007.
Read more at Bloomberg Emerging Markets News
out its biggest interest-rate cut of 2007 as a rally by the
country's currency holds inflation at an eight-year low.
The seven-member board may cut the overnight lending rate
by a half point to a record low 12 percent at its almost monthly
meeting in Brasilia, according to 18 of 25 economists surveyed
by Bloomberg. The other seven estimate the board will make its
fourth quarter-point reduction of 2007.
Read more at Bloomberg Emerging Markets News
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