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Brazil Continues Rate Cuts

May 31, 2012

Brazil cut its policy rate by 50bp as expected, bringing the Selic to 8.50%. Goldman Sachs, ahead of the cut, gave...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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