Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.520

+2.5%

1:37 PM EST

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To: md1derful who wrote (15411)	5/19/1999 9:08:00 PM
From: Steve Fancy	of 22640

Brazil lowers key Selic reference rate to 23.5 pct Reuters, Wednesday, May 19, 1999 at 19:08 BRASILIA, May 19 (Reuters) - Brazil's Central Bank on Wednesday lowered the reference Selic interest rate to 23.5 percent from 27.0 percent, the bank's monetary policy director Luiz Fernando Figueiredo said. The bank's Monetary Policy Committee, known as the Copom, also maintained the bias to ease the reference rate until its next meeting. The Selic determines the yields on domestic debt and is used to set consumer credit rates. Copyright 1999, Reuters News Service

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