Popular Posts
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- MEXICO: 28 April UPDATE: More Death Discovered In Durango...As Body Count Grows Again By 8; Total 104...So Far.
- CHILE: Trapped Miners Seek $541k Each in Negligence Lawsuit.
- COLOMBIA / PERU / CHILE / MEXICO: New "Pacific Alliance" Begins.
- CHILE / NEW ZEALAND: Santiago Eyes Volcanos For Geothermal Energy.
- MEXICO: Pemex Oil Exports Seen Ending...In 10 Years.
- BRASIL: Judge Stops Critical S. Paulo Airport Expansion Over Improper Bids.
- MEXICO: Guapo But Bobo...PRI's Pena Nieto Still Leads To Succeed Prez Calderon.
- BOLIVIA : Sole Plane Crash Survivor Describes Ordeal: Drinking Urine, Eating Bugs.
- MEXICO : The Tragic Decline of Industrial Powerhouse Monterrey.
25 March 2010
BRASIL: Central Bank Prepares For First Interest Rate Hike In 2 Years.
REUTERS/ Central bankers are said to be ready to raise the interest rate on April 28 to curb inflation pressure as jobs data show the country's strong economic rebound. A statement said "Given the signs of robust domestic demand, causing the reduction of the output gap... and recent inflation expectations, the risks to a benign inflation scenario increased." The bank is also preparing a series of changes in foreign exchange rules to slow currency inflows and offset dollars from investors hungry for higher yields.