BBC News - Brazil raises interest rates to 11.75%
Brazil's central bank has raised its key interest rate to 11.75% in a bid to hold down inflation in one of the world's fastest-growing economies.
The rise, from 11.25%, is the second half-point increase since the start of the year.
It is also the second under President Dilma Rousseff and central bank head Alexandre Tombini, both of whom took office in January.
Inflation was 5.91% last year and is forecast to remain above 5% in 2011.
Mervyn, how's your pension pot? Still blaming the bankers mate?
Brazil's central bank has raised its key interest rate to 11.75% in a bid to hold down inflation in one of the world's fastest-growing economies.
The rise, from 11.25%, is the second half-point increase since the start of the year.
It is also the second under President Dilma Rousseff and central bank head Alexandre Tombini, both of whom took office in January.
Inflation was 5.91% last year and is forecast to remain above 5% in 2011.
Mervyn, how's your pension pot? Still blaming the bankers mate?
Comment