BRASIL: C.Bank Cuts Benchmark Again...To 10.5%.

http://en.mercopress.com/2012/01/19/brazil-cuts-basic-rate-to-10.5-and-signals-further-reductions-in-the-future
    Another 50 bps benchmark rate cut!
    For the 4th straight meeting...Brasil's central bank lowered its benchmark...this time...to 10.5%.
    Led by Alexandre Tombini (foto)...the c.bank is not messing around...when it comes to adjusting the important rate.
    The bank indicated it may keep up the rate reduction pace...to counteract worsening global conditions...but will not compromise its target inflation target of 4.5-6.5%.