Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.499

+14.1%

1:44 PM EST

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To: Steve Fancy who wrote (9743)	11/17/1998 5:49:00 PM
From: Steve Fancy	of 22640

CORRECT: IMF Fischer Rate Reference Year End 1999, Not 1998 Dow Jones Newswires Even with conservative estimates, the interest rate could go down to 20% by year end of 1999 from its current level of about 40%, he said. (Brazilian Finance Minister Pedro Malan later clarified that Stanley Fischer's comments in an item that ran about 1651 GMT, "Malan/Brazil -2: Campaign To Convince Investors," that interest rates could go down to 20% by year end actually meant that rates could go down to that level by the end of 1999.)

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