REUTERS/ With growth forecasts as high as 7%, economists worry that Brasil's surging economy could overheat. It's central bank meets tomorrow and is expected to raise rates for the first time in two years but some economists think the bank will not raise rates enough --because its an election year. Central Bank President Henrique Meirelles said that Brazil was not behind the curve on interest rates and he would act forcefully to cap inflation. "A 75-point hike has become a minimum for the central bank to reassert its credibility and to extinguish the political doubts that Meirelles created in recent months," claims economist Sergio Vale.
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