| 09.03.2012 - Currency wars: Brazil says 'it's on' |
| Brazil's central bank fired the next shot in what is shaping up to be an international currency war with a sharper-than-expected interest rate cut late Wednesday that pushed down the value of its currency, the real. It's yet another bullet that Brazil is using to fight the rapid inflation of its currency and jumpstart its sputtering economy, which expanded at a 2.7% rate in 2011 versus 7.5% in 2010...............................................Full Article: Source |