base rate raised to 11, 75%
The Brazilian central bank raised its rate ' annual basic interest rate half-point, 11, 75%, to tackle inflation. This is the second consecutive increase this year. The rate was already 'been raised to the same extent in January and is' now the most' high from the beginning of 2009. Brazil remains the country with the highest interest rate 'highest in the world in real terms. The decision of the Monetary Policy Committee and 'was unanimous, and aims to "continue the process of adjustment of monetary conditions in Brazil." The Brazilian government has set an inflation target of 4.5%, two percentage point margin of tolerance for this year, which means that the rate can not 'exceed the intent of Brasilia, 6.5 %. The committee meets every 45 days to decide whether to change il tasso, detto Selic. La prossima riunione e' fissata per il 19 e 20 aprile.
fonte:adnkronos.com
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