Interest rates could increase in Brazil.
Global Banking News - 06 April 2010(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
According to Nomura Securities (NYSE: NMR), interest rates could increase in Brazil as the country's central bank chief has decided to stay in his post rather than resign and contest elections.
Nomura Securities said that bets on a larger interest-rate increase in Brazil would probably increase after the decision of the central bank chief was announced. Similarly, it is believed that yields on short-term interest rate futures contracts might rise on speculation that policy makers would lift their overnight interest rate by 0.75 percentage point.
Last week, the central bank chief said that he is 'totally dedicated' to slowing inflation as long as he is in office.
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