Latinnews Daily - 1 July 2004
BRAZIL: Government relieved by US Fed decision
Development: The government and the central bank in Brazil were relieved that the US Federal Reserve Board decided to raise interest rates by just 0.25% to 1.25%. The president of the central bank, Henrique Meirelles, said that the US decision was in line with Brazilian expectations and should now lead to calmer international financial markets.
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