14.01.2014 - Currency depreciation in Latin America: Taper jam
Brazil's number-crunchers delivered an unpleasant surprise on January 10th, when they revealed that the year-end inflation rate came in at 5.91%. That was higher than market expectations, and higher than Dilma Rousseff, her eyes fixed on a presidential election in October, would have wanted, too. Asked what lay behind the rises, Alexandre Tombini, the central-bank president, pointed, among other things, to the realís depreciation as a cause of stubbornly high inflation...............................................Full Article: Source
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