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%.

==================

Email: village_whisperer@live.ca

Click 'comments' below to contribute to this post.

Please read disclaimer at bottom of blog.
Posted by at
Labels:

2 comments:

  1. AnonymousJanuary 20, 2011 at 9:51 AM

    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.

    ReplyDelete
  2. AnonymousJanuary 27, 2011 at 9:16 AM

    Tumbleweeds blow by ...V

    ReplyDelete

Subscribe to: Post Comments (Atom)