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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: Jim Willie CB who wrote (3275)	2/20/2003 9:44:31 AM
From: 4figureau	Read Replies (1) of 5423

A Couple More: Brazil Raises Benchmark Lending Rate to 26.5% By Guillermo Parra-Bernal Brasilia, Feb. 19 (Bloomberg) -- Brazil raised the overnight lending rate for a fifth time since October and ordered banks to deposit more money at the central bank overnight in a bid to curb inflation that has accelerated to a six-year high. The central bank raised the so-called Selic target rate by 1 percentage point to 26.5 percent, the highest level since May 1999. It also increased the amount of deposits that banks must keep overnight at the central bank to 60 percent to reduce the amount of cash in circulation. biz.yahoo.com Housing boom 'coming to an end' Fresh evidence has emerged that the UK housing market might be past its peak. After a year of sharp rises, prices in London and south-east England have fallen for the first time since November 2001, a report by the Royal Institution of Chartered Surveyors has said. And chartered surveyors are expecting UK-wide house prices to fall over the next three months, as concerns over the economy and war on Iraq spread from the South East throughout the country. news.bbc.co.uk

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