Arab Today, arab today brazil to leave interest rate unchanged
Last Updated : GMT 10:53:07
Arab Today, arab today
Arab Today, arab today

Brazil to leave interest rate unchanged

Arab Today, arab today

Arab Today, arab today Brazil to leave interest rate unchanged

Brasilia - AFP

Brazil\'s Central Bank is likely to leave its key interest rate unchanged at a historic low of 7.25 percent this week, despite rising inflation, analysts said Monday. Most of the 100 analysts and operators consulted by the bank on a weekly basis agreed that its monetary policy committee -- which meets Tuesday and Wednesday -- will defer an expected half-point hike to 7.75 percent until May. \"It is inevitable, the Brazilian Central Bank will have to raise the interest rate to help contain inflation in the long term, but we believe that it will not do so at this week\'s meeting,\" Austin Rating economist Felipe Queiroz told AFP. Analysts also agree that the rate is likely to be pushed up to 8.5 percent by year\'s end. But Queiroz, for one, noted that the bank may wait until June to start doing so. Arnaldo Curvello, managing director of the consulting firm Ativa, said the Central Bank was trying to delay the rate hike due to a worsening of the international economic environment and lower commodity prices. In March, experts were alarmed when it was confirmed that 12-month inflation reached 6.59 percent, above the official target\'s upper limit of 6.5 percent. The inflation surge coincides with sluggish growth. In 2012, growth in the world\'s seventh largest economy slowed for the second year in a row, reaching an anemic 0.9 percent, its worst performance in three years. Officials expect three percent GDP growth this year but Queiroz said the country was still showing \"a weakened economy, with a recovery that is not steady.\"

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brazil to leave interest rate unchanged Arab Today, arab today brazil to leave interest rate unchanged

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday