Brazil’s Central Bank Signals More Rate Increases
April 24, 2011 at 15:06 PM EDT
Brazil’s central bank is indicating that it may keep on raising borrowing expenses for longer than most economists had predicted, reports Bloomberg. The bank’s board said in a statement that an adjustment of monetary conditions for a “sufficiently long period” is the “most adequate” strategy to guarantee inflation returns to its 4.5% target in fiscal [...]