Tue, 30 Oct 2012 12:35:00 GMT
Brazilian swap rate drops on inflation estimations
Swap rate on the contract with a maturity for January 2015 dropped one basis point, or 0.01%, to 7.79%. Together with it, the Real depreciated by 0.3% to 2.0329 per Dollar. Swap rate falls six day in a row, as economists lowered inflation estimations for the Brazil next year. Also, Brazilian governors cut the key interest rate for a 10th