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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 366.54

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Nov 5 4:00 PM EST

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To: THE ANT who wrote (42487)	12/28/2008 10:57:39 AM
From: elmatador	Read Replies (1) of 217545

Meirelles Told Lula Brazil Rate to Fall in January, Folha Says Email \| Print \| A A A By Jeb Blount Dec. 28 (Bloomberg) -- Brazil’s Central Bank President, Henrique Meirelles, told President Luiz Inacio Lula da Silva that the country’s benchmark interest rate would be cut in January, the Folha de S. Paulo reported. Meirelles made the pledge to Lula in Brasilia after being criticized by the president for the central bank’s Dec. 10 decision to keep the country’s Selic target rate unchanged at 13.75 percent, the newspaper said, without saying where it got the information. Lula was told that rates were left unchanged because of concern the decline of the real against the U.S. dollar will cause consumer prices to rise, Folha said. Rates can fall at the meeting of the central bank on Jan. 20 and 21 because market expectations for future interest rates declined after the Dec. 10 decision to hold the benchmark steady, Meirelles told Lula, the newspaper reported. To contact the reporter on this story: Jeb Blount in Rio de Janeiro at jblount@bloomberg.net

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