Posted 10/30/2014 17:59 (#4152408 - in reply to #4152239) Subject: RE: Brazil interest rates at 11.5% (need stronger cheaters)
Formerly NE North Dakota, now NW MN
Their prez just got re-elected and claims to have a mandate to be really tough on inflation. She surprised the market with a boost in interest rates and a promise to do more.
Anti-inflation monetary policy and a lurking El Nino could make this a very challenging year for our brothers farming in Brazil.