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View Full Version : Sub-10% Selic Rate Predicted by May as Rousseff Urges Cuts: Brazil Credit - Bloomberg



NewsWhore
10-04-2011, 01:00 AM
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Sub-10% Selic Rate Predicted by May as Rousseff Urges Cuts: Brazil Credit (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFD5ZLDsORPCUS5s0SuUz8lXQpA3g&url=http://www.bloomberg.com/news/2011-10-04/sub-10-selic-rate-predicted-by-may-as-rousseff-urges-cuts-brazil-credit.html)
Bloomberg
The real fell 0.6 percent yesterday to 1.8911 per dollar, prompting the central bank to sell currency swaps into the futures market to prop up the currency. It&#39;s down 13 percent in the past month. The extra yield investors demand to own Brazilian ...

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