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Brazil Cuts Rates, Aims For “Maximum Parsimony”

Aug 30, 2012

Brazil’s central bank opted unanimously on Wednesday to cut its benchmark Selic rate by 50bp to a new record low of 7.50%, in a bid to boost growth....

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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