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Brazil & Southern Cone - October 2011 (ISSN 1741-4431)
BRAZIL: Copom goes out on a limb
Brazils’ central bank (BCB) is alone in Latin America in cutting interest rates. In fact in the G-20 group of developing countries, only Turkey has cut rates. The BCB is banking on an external shock to kill off inflation.The way things are going in the US and Europe, that is probably a safe enough bet.
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