Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.435

+8.7%

Jan 2 9:30 AM EST

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To: wl9839 who wrote (15386)	5/19/1999 9:46:00 AM
From: wl9839	Read Replies (1) of 22640

Analysts see Brazilian rates falling up to 23% São Paulo, 19 - The Central Bank's Monetary Policy Committee (Copom) is expected to hold a meeting beginning at 4h30 p.m. (7h30 p.m. GMT) this Wednesday to define Brazil's interest rates. According to the Central Bank Monetary Policy director, Luiz Fernando Figueiredo, the Federal Reserve's decision to leave benchmark interest rates unchanged but alter the bias toward higher rates should not have a greater impact on Brazilian markets. "The decision was within expectations", he explained. Analysts see Brazil's benchmark interest rate, the Selic, falling today to some 23% to 25%, down from the current rate of 27%. (By Josué Leonel) Copyright © 1996 Agência Estado. All Rights Reserved.

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