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Non-Tech : The Brazil Board

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To: THE ANT who wrote (1129)	8/30/2012 6:46:13 AM
From: elmatador	Read Replies (1) of 2508

Brazil cuts rate to record low 7.50% from 8.00% It appears as though not even the healthiest of the BRICs complex country as per latest fundamentals, can resist to notice certain slowdown in growth activity. Inflation wise, "it is a source of uncertainty for 2013, rather than during 2012" comments Standard Chartered research team. "We still expect the government to try to minimize the need to hike rates in 2013" the bank adds. The Brazil Central Bank continues to tightly manage the BRL, "expected to remain within the 2.00-2.10/USD range in 2012" Standard Chartered points. fxstreet.com

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