Wednesday, January 19, 2011

How about a Central Bank interest rate of 11.25%?

Here's a quick thought to send chills down the spine of anyone with a 5/35 mortgage on half a mil plus in our little hamlet.

Brazil's central bank raised its key interest rate half a percentage point to 11.25% late Wednesday, amid fears that inflation was getting out of hand.

Last year inflation in Brazil quickened to 5.91%, well above the government's target of 4.5%.



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  1. Quite understandable for an economy like Brazil, which is growing rapidly. Interest rates in the developed world will increase, but not nearly as much... until the sovereign debt bogeyman comes out of the bottle.

  2. Tumbleweeds blow by ...V