Brazil future yields drop as government promises to boost growth

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP

Borrowing costs on Brazilian interest rate futures fell after Dilma Rousseff told the nation has capacity to apply monetary policy to stimulate growth. Yields on futures maturing January 2013 dropped 0.14% or 14 bp reaching 9.76%. Brazil experienced the slowest growth during the last 3 months since January, therefore government seek opportunities to fuel the economy.

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