Monetary And Exchange Rate Policies

March 2009
Brazil Tourism Report;Q1 2009, p19
Industry Profile
The article offers update on the monetary and exchange rate policies in Brazil. It is forecasted that there will be cuts of the interest rates in Banco Central do Brasil (BCB) to address the slowing of economic growth due to the declining consumption level, the falling of commodity prices, as well as the inflation. It discusses the risks on the monetary policies of the country, as well as the risk of having an insufficient capital and financial inflows due to the sharp depreciation of currency.


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