Arab Today, arab today brazil lifts key rate to 1125
Last Updated : GMT 17:21:54
Arab Today, arab today
Arab Today, arab today

Brazil lifts key rate to 11.25%

Arab Today, arab today

Arab Today, arab today Brazil lifts key rate to 11.25%

Security guards stand by the Central Bank
Rio de Janeiro - AFP

 Brazil's central bank on Wednesday raised its key interest rate by 25 basis points to 11.25 percent -- the first hike since April -- in the wake of leftist Dilma Rousseff's re-election as president.
Analysts had predicted the bank would leave the main Selic rate on hold at 11 percent.
But with Brazil fighting inflationary pressures, the rates committee elected to send out a signal given what it termed a "less favorable risk balance for inflation.
"In the light of this, the committee considers it opportune to adjust monetary conditions" in order to facilitate a "more benign scenario for inflation in 2015 to 2016," the bank said in a statement.
Last month, inflation moved a quarter point above a government target ceiling of 6.5 percent, but the market predicts it will end the year back down at 6.45 percent.
On Tuesday, the bank's weekly survey of 100 market watchers had indicated they did not expect the rate to change before next year at the earliest.
Rates had been on hold at 11 percent since April, which saw the end of a series of nine monthly increases as part of attempts to hold down prices.
Rousseff, re-elected Sunday, has been resisting rises that could further depress consumer demand as she seeks to re-float the economy in her second term starting officially on January 1.
Industry, meanwhile, wants lower rates to kickstart a recovery.
"Brazil has the highest rates in the world," Benjamin Steinbruch, president of Sao Paulo state's Federation of Industry, complained Tuesday following the central bank's last meeting.
Brazilian growth was sluggish across Rousseff's first four-year term and the market forecasts GDP will grow just 0.27 percent this year and 1.0 percent in 2015.

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 lifts key rate to 1125 Arab Today, arab today brazil lifts key rate to 1125

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
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: اقتصاد دولي
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 Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
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 Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

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 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

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 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

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