Tuesday, September 11, 2012

Reuters: US Dollar Report: Brazil inflation seen lower on power rate cuts -Mantega

Reuters: US Dollar Report
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Brazil inflation seen lower on power rate cuts -Mantega
Sep 11th 2012, 16:06

BRASILIA, Sept 11 | Tue Sep 11, 2012 12:06pm EDT

BRASILIA, Sept 11 (Reuters) - A sharp reduction in electricity rates will likely slash about 1 percentage point off Brazil's consumer price index next year, Finance Minister Guido Mantega said on Tuesday.

The government unveiled on Tuesday a string of measures to slash electricity rates for companies and households in a bid to bolster economic growth.

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