Brazil to Raise Key Rate to 12.75%, Itau BBA Says (Update1)

Story date: 2008-01-09 01:31:00
Added on: 2008-01-09 17:10:23

Bloomberg - Jan. 9 (Bloomberg) -- Brazil's central bank will probably lift the benchmark interest rate to 12.75 percent by year-end from a record low of 11.25 percent to curb inflation, said Alexandre de Azara, chief economist at Banco Itau BBA SA. ``Demand is ...


Read more...

Related Stories:

• Brazil Bank Holds Rate as Policy Makers Gauge Prices (Update1)

  Bloomberg - It would be premature to increase interest rates,'' said Mauricio Oreng, senior economist at Itau Corretora in Sao Paulo ......
  2008-01-23 03:16:00

• Banco Itau (Brazil) Secures More Than 1.6 Million Retail Customers ... - MSN MoneyCentral

  Important Breakthrough for VASCO in Brazilian Retail Banking Market; Itau is First Brazilian Bank to Start Full Deployment of Digipass in Retail...
  2008-05-07 12:00:00

• Banco Itau Fourth-Quarter Profit Rises on Lending (Update3) - Bloomberg

  Banco Itau Fourth-Quarter Profit Rises on Lending (Update3)Bloomberg - 9 minutes agoLending in Brazil soared 27 percent in December from a year earlier,...
  2008-02-12 04:23:02

• Yen Weakens as Bank of Japan Keeps Interest Rate at 0.5 Percent (Bloomberg.com)

  Oct. 11 (Bloomberg) -- The yen dropped to a 10-week low against the euro after the Bank of Japan kept its interest...
  2007-10-11 04:06:11

• Yen Falls as Bank of Japan Keeps Interest Rate at 0.5 Percent (Bloomberg.com)

  Oct. 11 (Bloomberg) -- The yen weakened to a 11-week low against the euro after the Bank of Japan kept its interest...
  2007-10-11 06:36:11

• India's Bonds Decline as Higher Overnight Rate Dampens Demand

  Bloomberg - U.S. interest-rate futures show traders see an 88 percent chance the Fed will cut its key rate by a quarter-percentage...
  2007-11-27 06:30:00

• Brazil's Bank Keeps Rate at 11.25% as Inflation Slows (Update2)

  Bloomberg - The yield on the inter-bank deposit contract for Jan. 2, 2009, which reveals trader's future interest rate bets, fell to...
  2008-03-05 03:24:00

• Colombian Central Bank Keeps Key Rate at 9.25 Percent (Update1)

  Bloomberg - Colombia's peso has gained almost 7 percent since the Fed lowered the benchmark U.S. interest rate a half-percentage point to...
  2007-10-26 12:04:00