21 July 2011

BRASIL: C.Bank Raises Selic Again...To 12.50%...In Inflation Battle.

                               MERCOPRESS
    For the 5th consecutive time, the central bank has raised its benchmark Selic interest rate...by 25 bps...to 12.50%.
     Experts say the c.bank continues to fight persistent growing inflation...now at a six-year high of 6.75%...above the government’s upper target of 6.5%.