Monday, May 7, 2007

Brazil gov't sees Selic rate at 9.5 pct in 2010

(Reuters) - The new outlook is part of an evaluation the government made on Monday of an economic stimulus package it presented in January. The government maintained its economic growth forecast at 4.5 percent this year and at 5 percent annually in the years through 2010.

The central bank cut its benchmark lending rate to a record low of 12.5 percent from 12.75 percent in April.


Read more at Reuters.com Bonds News

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