Brazil's central bank hint need for more rate cuts

Minutes released by the central bank of Brazil from its monetary policy meeting hint that interest rates may need to fall further as projected inflation for the next 12 months and 2004 remain below target.

Source: AE Brazil

More interest rate cuts will be necessary to secure Brazils economic recovery, according to minutes unveiled Thursday from the Central Banks monetary policy meeting last week.

In the document, the bank hints that monetary policy will be further eased as projected inflation f

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