Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.368

-21.6%

12:58 PM EST

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To: wl9839 who wrote (15394)	5/19/1999 12:03:00 PM
From: wl9839	Read Replies (1) of 22640

DJ Brazil Ctrl Bk Mtg To Set Rates Moved Up To 2:30 PM EDT Dow Jones Newswires BRASILIA -- Brazil's central bank has re-scheduled the Monetary Policy Committee meeting, being held to set interest rates and determine the committee's rate-setting bias, for 2:30 p.m. EDT (1830 GMT) Wednesday, from 3:00 p.m. EDT (1900 GMT), a spokeswoman said. As reported, the Copom, as the committee is known locally, is expected to maintain the current easing bias and cut its benchmark Selic rate target to 22%-25% from 27%, according to analysts surveyed by Dow Jones Newswires. The spokeswoman declined to say why the meeting was moved forward and couldn't confirm when the Copom decision will be announced. Typically, when the meeting is convened at 3:00 p.m. EDT (1900 GMT), and the decision on rates is released between 5:00 p.m. EDT (2100 GMT) and 6:00 p.m. EDT (2200 GMT). -By Adriana Arai; 55-61 321-1224 or 965-6883; aarai@ap.org

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