BRASIL: CBank Lowers Selic Again...To Historic Low 7.5%; Mantega Delivers New Stimulus Measures.

http://en.mercopress.com/2012/08/30/brazil-cuts-benchmark-rate-for-ninth-time-running-to-an-all-time-low-of-7.5

     Surely with President Dilma Rousseff's blessing...and to prod somewhat anemic economic activity...Central Bank chief Tombini pushed thru a historic 9th straight Selic benchmark rate cut...by 50 bps...to 7.5%....even as retails sales jumped in June.
     But Brasil's historic nemesis...inflation...is now running at 5.35%...well above the 4.5% mid target range.
    In 2012...Brasilia's economy has been forecast to grow by less than 2%.
    Some economists predict another rate cut in October.

      AND: FinMin Guido Mantega also announced new stimuli measures...including cheaper credit for machinery and truck...and some tax breaks on autos and appliances.
http://en.mercopress.com/2012/08/30/brazilian-government-launches-a-new-round-of-stimuli-to-prop-consumption