Thursday, July 12, 2007

Brazil fixed-rate bond yields tumble in auction

(Reuters) - Brazil's central bank is expected to lower its benchmark
interest rate next Wednesday by half a percentage point as a
rally in the local currency stems inflationary pressure.




In a Reuters poll on Thursday, all 30 economists predicted
the bank would cut the so-called Selic rate to an all-time low
of 11.5 percent from 12 percent.


Read more at Reuters.com Bonds News

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