Pre-release Sky Spa Residences at Natal's most élite private resort
Unique opportunity to become part of the finest and most exciting 5-star hotel branded resort on Brazil's north-east coast. Register your interest for our upcoming Sky Spa Residences with private jacuzzis, luxurious furnishings and lagoon style pools in this most special of places, the most dramatic and beautiful location on Natal's northern shores.
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Brazil Property News: Brazil cuts interest rates
7th September 2007 03:38
The Brazilian central bank has cut interest rates.
The official Selic rate was cut 0.25 per cent to 11.25 per cent, in a unanimous decision by the Banco Central Do Brasil's monetary policy committee (COPOM).
Although inflation is below the bank's target, the rate cut was not entirely expected as some pressures on prices remain in the country.
However, COPOM rules that a cut was necessary to help stimulate the economy.
The body said in a statement: "The monetary policy committee has analysed the macroeconomic situation and considered that at this moment the balance of risks for the perspective trajectory of inflation still justifies an additional monetary stimulus."
Interest rates in Brazil have now been cut for 18 consecutive months.
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