Deteriorating Economy Leads Brazil to Cut Interest Rates by 1% [Archive] - In Search of Chicas

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01-22-2009, 01:20 AM

In a surprise move, Brazil's Central Bank (BC) decided today to cut by a full percentage point its key interest rate, the Selic. The reduction from 13.75% to 12.75% is the largest one in five year...

More... (http://story.brazilsun.com/index.php/ct/9/cid/24437442923341f1/id/21324926/)