End of preview - This article contains approximately 360 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Brazil & Southern Cone - January 2014 (ISSN 1741-4431)
ECONOMY: Rousseff’s dilemma – inflation vs. growth
The central bank’s monetary policy committee (Copom) lifted interest rates for the seventh consecutive time on 15 January, taking the benchmark Selic up to 10.5% from 10%. The unanimous decision means that the Selic is the highest it’s been since January 2012. According to the central bank president Alexandre Tombini, inflation is “slightly above” target. “The persistence of inflation is due, in large part, to the devaluation in the currency over the past few weeks, costs from the labour market and recent pressure from the transport sector,” he said.
- Missing president bodes ill for 2014
- CHILE: Bachelet prepares for return to La Moneda
- CHILE: Port strikes threaten growth
- PARAGUAY: Public transport dilemma puts Cartes in a tight spot
- PARAGUAY: Prison guards’ strike exposes unresolved problems
- URUGUAY: Lorenzo walks over Pluna scandal
- URUGUAY: Bordaberry blasts FA’s security record
- ECONOMY: A hangover before the party even begins?
- ECONOMY: Rousseff’s dilemma – inflation vs. growth
- ECONOMY: Brazil’s labour market not entirely made of Teflon
- POLITICS: My house, my life – my president
- POLITICS: Campos and Neves make strategic alliances
- SPORTS: The clock is ticking
- Mercosur-EU talks set back again