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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Jerry A. Laska who wrote (7384)	9/2/1998 4:15:00 PM
From: Steve Fancy	Respond to of 22640

Brazil could lower interest rates Wed - Cardoso Reuters, Wednesday, September 02, 1998 at 15:54 BRASILIA, Sept 2 (Reuters) - Brazil could lower interest rates, including the prime lending rate, at a meeting of the Central Bank's monetary policy committee Wednesday, President Fernando Henrique Cardoso said. "It is possible that rates could fall today," Cardoso said at a ceremony in Brasilia to inaugurate an agribusiness council. The prime lending rate currently stands at an annualized 19.75 percent. Economists said they expected the rate to fall to 19 percent, despite recent global market turmoil, in line with the overnight rate currently used in local markets. The Central Bank's monetary policy committee was due to meet later Wednesday. It will also decide whether to change its basic assistance rate, currently at 25.75 percent a year. joelle.diderich@reuters.com)) Copyright 1998, Reuters News Service