-Contributed by Erwin Cifuentes. The raising of interest rates to slow inflation was signaled as the main factor that will cause Brazil’s economy to grow less than expected this year. ``The fight against inflation demanded bigger sacrifices than originally expected,'' admitted Brazilian central bank President Henrique Meirelles. (Bloomberg)
Wednesday, December 7, 2005
Brazil: GDP Growth less than anticipated
-Contributed by Erwin Cifuentes. The raising of interest rates to slow inflation was signaled as the main factor that will cause Brazil’s economy to grow less than expected this year. ``The fight against inflation demanded bigger sacrifices than originally expected,'' admitted Brazilian central bank President Henrique Meirelles. (Bloomberg)
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