Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bob Howarth who wrote (11723)	1/14/1999 5:54:00 PM
From: Steve Fancy	Respond to of 22640

Bob, not interest rates, the foreign exchange trading band... If the real trades at the ceiling of the maxi band for three straight working days, the Central Bank can raise the ceiling by increments equivalent to 0.0030 percent per month and the floor will remain the same. If the real trades at the floor rate of the maxi band for three straight working days, the Central Bank can raise the floor rate by increments equivalent to 0.0030 percent per month and raise the floor rate by 0.0060 percent per month. By the end of the year, the rate of fluctuation will be about 6 percent between the center of the trading band and either the floor or ceiling rate, compared with 4.76 percent in the current maxi band. Message 7276626 Now that I've clarified that, Malan did have the following to say yesterday that really surprised me... SAO PAULO, Jan 13 (Reuters) - Brazilian Finance Minister Pedro Malan admitted on Wednesday that the government may have to resort to an interest rate tightening to defend its new wider fluctuation currency regime. Message 7276720 sf