Arab Today, arab today brazil hikes key interest rate to target inflation
Last Updated : GMT 20:06:19
Arab Today, arab today
Arab Today, arab today

Brazil hikes key interest rate to target inflation

Arab Today, arab today

Arab Today, arab today Brazil hikes key interest rate to target inflation

Brasília - AFP

Brazil's Central Bank raised its benchmark interest rate Wednesday for the first time since July 2011, aiming to rein in inflation. Many analysts and operators had expected the monetary policy committee would defer a hike until May. But the monetary policy committee raised the benchmark rate by 0.25 points to 7.5 percent. Analysts agree that the rate is likely to be pushed up to 8.5 percent by year's end. 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.

arabstoday
arabstoday

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 hikes key interest rate to target inflation Arab Today, arab today brazil hikes key interest rate to target inflation

 



Arab Today, arab today

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 hikes key interest rate to target inflation Arab Today, arab today brazil hikes key interest rate to target inflation

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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