quarta-feira, 19 de janeiro de 2011

INTEREST RATES

Today I read in Financial Times that "Brazil continues to wrestle with dilemma over interest rates. Economists say spending cuts, not rate rises, are the way to curb rampant inflation. The Brazilian economy, just doesn't save enough, which means it's dependent on foreign capital inflows, says Neil Shearing, senior emerging markets economist at Capital Economics".

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