Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.896

-0.9%

Nov 21 9:30 AM EST

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To: Steve Fancy who wrote (11881)	1/18/1999 11:52:00 AM
From: Steve Fancy	Read Replies (1) of 22640

Brazil rates should tighten to curb prices-Malan Monday January 18, 11:12 am Eastern Time WASHINGTON, Jan 18 (Reuters) - Brazilian Finance Minister Pedro Malan said on Monday there should be a tightening bias initially for Brazilian interest rates in order to curb inflation. ''I am recommending that the committee on monetary policy discuss a widening of the interest rate band to allow the active use of interest rates, with an initial upward bias that may be required to maintain low inflation,'' he said in a statement issued after a press conference in Washington.

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