Thu, 12 Jul 2012 10:13:58 GMT
Brazil's interest rate down to 8%
The
Central Bank of Brazil decreased the benchmark interest rate by 50
basis points to 8%. Lower rate is supposed to bolster the economy and is a part of the overall looser monetary policy, to which the central bank started to adhere in August last year, when
the interest rate was at 12.5%. However, the Brazilian currency has not
been