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Economy & Business - March 2012 (ISSN 1741-7430)
Pressing the accelerator
On 7 March the central bank cut the benchmark Selic interest rate by 0.75 of a percentage point, bringing it down to 9.75%. The monetary policy committee (Copom) was divided only over the scale of the cut: five members voted for the 0.75 of a point cut while two thought that 0.5% (the size of the cut on the past four occasions) was more appropriate.
- China starts to hedge its bets on Latin America
- Still bullish
- Industry picks up
- Pressing the accelerator
- ARGENTINA: Problems mount
- CHILE: Aiming low
- PARAGUAY: Feeling the heat
- URUGUAY: Feeling more than OK
- BOLIVIA: Pushing to de-dollarize
- COLOMBIA: All systems go
- ECUADOR: The price of the boom
- PERU: Still growing well
- VENEZUELA: Dutch disease rife
- COSTA RICA: Business optimism
- CUBA: More administrative changes
- DOMINICAN REPUBLIC: Central bank comes off the fence
- EL SALVADOR: What does the electorate want?
- GUATEMALA: Cautious
- HONDURAS: Coffee problems
- NICARAGUA: Exports up
- PANAMA: Exports up 8.3% in 2011
- China opens up on Ecuacorriente
- Repsol blinks
- Bolivia plans first bond since early 1900s