Brazil Interest Rate Future Yield Rises to Highest in 10 Months - Bloomberg.com

Brazil Interest Rate Future Yield Rises to Highest in 10 Months

Dec. 16 (Bloomberg) -- ...
Policy makers lowered the benchmark rate to a low of 8.75 percent in July. Brazilian economists expect an increase to 10.63 percent by the end of next year, according to a weekly central bank survey published on Dec. 14.

The real was little changed at 1.7513 per dollar at 9:44 a.m. in New York, from 1.7520 yesterday.
To contact the reporter responsible for this story: Camila Fontana in Sao Paulo at cfontana@bloomberg.net