Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.030

-2.8%

3:59 PM EST

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To: Steve Fancy who wrote (7371)	9/2/1998 4:23:00 PM
From: Steve Fancy	Read Replies (1) of 22640

REPEAT: Brazil's Cardoso Confident Rates Will Be Cut Wed Dow Jones Newswires BRASILIA -- Brazilian President Fernando Henrique Cardoso said Wednesday he was "confident" that the Central Bank's Monetary Policy Committee (Copom) will cut key interest rates at a meeting later in the day. The market consensus expects the Copom to announce a small drop in the basic rate, known as the TBC, to around 19% from 19.75%. Cardoso, speaking at an agricultural forum one month before the Oct. 4 presidential elections, said Brazil needs to have lower interest rates.

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