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The Masked Tulip

Brazil Interest Rate Hike May Be Only The Beginning

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Ah, Brazil has inflation. Thank goodness we don't.

Brazil's embattled central bank Wednesday raised its base interest rate for the first time in 22 months but the modest hike could be only the beginning in a long, tightening cycle to combat fierce inflation.

The central bank's monetary policy committee voted to raise its Selic base interest rate a quarter point to 7.5%. Six members voted for the increase while two cast ballots for keeping the rate stable.

In a statement, the committee sounded an ambivalent note. It said that, on the one hand, it recognized that "the elevated level of inflation" made at least some action necessary. However, on the other hand, the committee continued to fret about "internal and, primarily, external uncertainties" that are holding back Brazilian economic growth.

The hike was the first by the central bank since July of 2011, when it raised the rate to 12.50% from 12.25%.

The latest rate decision was widely anticipated by financial market participants, who indicated that the bank would need to begin raising rates this month, or next month at the latest, in an effort to counter mounting inflationary pressures.

http://www.4-traders.com/news/Brazil-Interest-Rate-Hike-May-Be-Only-The-Beginning--16741393/

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Sadly, if you google news 'uk interest rates' there are loads of articles in the past 24 hours saying that UK IRs will not go up for at least 4 years if not longer.

Printy Printy

Shiny Shiny.

Twas ever thus.

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Brazil's embattled central bank Wednesday raised its base interest rate for the first time in 22 months but the modest hike could be only the beginning in a long, tightening cycle to combat fierce inflation.

The central bank's monetary policy committee voted to raise its Selic base interest rate a quarter point to 7.5%. Six members voted for the increase while two cast ballots for keeping the rate stable.

So 7.25 to 7.5 is a vast increase?

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That all depends if you can afford 7.5%.

Well if I could'nt afford 7.5 i probably couldnt cope with 7.25?

(Come on Brazil, bang 'em up to double-figures!)

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The UK's savers would be happy though. Both of them.

Both rates or both savers?

(after the last budget I understand one of Britains last remaining two savers is planning to give in?)

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  • 243 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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