Reuters Thinks Brazilian Interest Rates Should Rise Because They Loathe Humanity - 1 views

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  #1 Andrew Kotick on 29 Apr 10

   

  April 27:
  
  Brazilian economists believe it is crucial for the Central Bank to raise interest rates dramatically in 2010 due to unprecedented economic growth to maintain market equilibrium during an election year. The Brazilian economy is projected to have grown 7% in the last fiscal year, with booming real estate industries in both Rio de Janeiro and São Paulo, as well as increased tourism and job creation. However, a lack of domestic infrastructure, according to economists, may hinder further growth, especially when inflation rates rise above expected levels, as they have this year.
  
  Source: Reuters
  
  http://www.reuters.com/article/idUSTRE63Q4GJ20100427

   

  <div class="cArrow"> </div><div class="cContentInner">April 27: <br /> <br /> Brazilian economists believe it is crucial for the Central Bank to raise interest rates dramatically in 2010 due to unprecedented economic growth to maintain market equilibrium during an election year. The Brazilian economy is projected to have grown 7% in the last fiscal year, with booming real estate industries in both Rio de Janeiro and São Paulo, as well as increased tourism and job creation. However, a lack of domestic infrastructure, according to economists, may hinder further growth, especially when inflation rates rise above expected levels, as they have this year. <br /> <br /> Source: Reuters <br /> <br /> <a href="http://www.reuters.com/article/idUSTRE63Q4GJ20100427" rel="nofollow" target="_blank">http://www.reuters.com/article/idUSTRE63Q4GJ20100427</a></div>

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