BRASILIA, Oct 27. (Reuters) - The president of Brazil, Dilma Rousseff, has promised to implement "all measures" deemed necessary to curb inflation that reached 6.44 percent, near the top of the official target range expected this year. This was the second time in just two days Rousseff spoke forcefully about his determination to curb rising prices, which highlights a growing concern for the Government to the extent that inflation is threatening to keep their tendency to rise.
"We will not hesitate to take all measures, again, all measures we deem urgent and necessary", said on Tuesday the president during a meeting with top economic officials from Brazil and civil society groups. Inflation in Latin America's biggest economy has continued to rise steadily, despite three rises in interest rates this year, the announcement of tax cuts for 30,000 million dollars (20.429 million euros) and a series of measures aimed to cool the strong consumer demand and inflows of foreign funds.
Economists, however, say that the Brazilian authorities have not done enough to tackle inflation firmly, as they seek a balance with economic growth. 
"We will not hesitate to take all measures, again, all measures we deem urgent and necessary", said on Tuesday the president during a meeting with top economic officials from Brazil and civil society groups. Inflation in Latin America's biggest economy has continued to rise steadily, despite three rises in interest rates this year, the announcement of tax cuts for 30,000 million dollars (20.429 million euros) and a series of measures aimed to cool the strong consumer demand and inflows of foreign funds.
Economists, however, say that the Brazilian authorities have not done enough to tackle inflation firmly, as they seek a balance with economic growth.
- Wish I was here - Santarém, Para, Brasil, Portugal (04/04/2011)
- Today I Focus on the Present / Hoy Me Enfoco en el Presente / Hoje... (27/04/2011)
- Garden House : By David Guerra Architecture - Brasil, Brazil (06/04/2011)
- Banco do Brasil in talks to buy Florida bank -filing (11/04/2011)
- Would you believe genocide against homosexuals? (¿Puedes creer que existe un genocidio contra los homosexuales?) (17/03/2011)
No comments:
Post a Comment