Monday, August 6, 2012

Reuters: US Dollar Report: Key Brazil interest rate seen at 7.25 pct at end of 2012-survey

Reuters: US Dollar Report
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Key Brazil interest rate seen at 7.25 pct at end of 2012-survey
Aug 6th 2012, 11:34

SAO PAULO | Mon Aug 6, 2012 7:34am EDT

SAO PAULO Aug 6 (Reuters) - Economists cut their forecasts for Brazil's benchmark overnight lending rate at end-2012 to 7.25 from 7.50 percent seen one week earlier, a weekly central bank survey showed on Monday.

Estimates for inflation in 2012 edged up to 5.00 percent from 4.98 percent, which had been forecast a week before, according to the survey.

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