End of preview - This article contains approximately 571 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Weekly Report - 28 April 2011 (WR-11-17)
BRAZIL: Running out of policy levers?
In an unusually split vote, the central bank's monetary policy
committee, Copom, voted (5-2) on 20 April to raise the benchmark Selic interest
rate by a lower-than-expected 25 basis points (bps) to 12%, without bias, from
11.75% previously. This disappointed the markets, which had anticipated a higher
50 bps increase. The Brazilian authorities are really struggling to balance the
need to contain surging inflation against the inexorable rise in the Real. Real
interest rates are now at 6.2%, the highest in the world.
- Santos and Chávez vie to outdo each other
- PERU: Not her father's daughter
- BOLIVIA: Revisiting land reform
- ECUADOR: Fifth victory in five years?
- TRACKING TRENDS
- BRAZIL: Running out of policy levers?
- BRAZIL: Airports to be privatised as "chaos" looms
- ARGENTINA: Tail wind or petrol powered?
- TRACKING TRENDS
- MEXICO: Navy chief weighs in on security situation
- MEXICO: Pemex looks to ensure production levels
- HAITI: Electoral council takes parting shot
- COSTA RICA: Chinchilla sacks security supremo
- TRACKING TRENDS
- Scandal claims ministerial scalp in Chile
- Quotes of the week