BRASIL : For 6th Straight Time...CBank Lowers Selic To 9%...Near Historic Low.

http://www.bloomberg.com/news/2012-04-19/brazil-signals-key-rate-may-fall-to-record-on-global-fragility.html


      The Selic hits keep coming.
     Aggressive CBanker Alexandre Tombini...with unanimous support...lowered Brasil's benchmark Selic interest rate...by a whopping 75 bps...for the 6th straight time since August...to an almost historic 9%.
     The CBank also hinted another cut may follow...perhaps to the 8.75 level...as inflation worries have eased...and the world economy slows.
    With Tombini in charge...the CBank has lopped 350 bps off the Selic...in 15 months.