Back

Weekly Report - 17 January 2013 (WR-13-02)

BRAZIL: Between a rock and a hard place

With Brazil posting its lowest GDP figures in over a decade in 2012, but inflation starting to creep ever higher, the Brazilian central bank (Copom) opted to keep interest rates (Selic) at their record low of 7.25% on 16 January. Many economists are pessimistic about the near future, leading to ever-louder grumbling about the performance of both the finance minister, Guido Mantega, and the central bank president, Alexandre Tombini.

End of preview - This article contains approximately 705 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options