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BrazilIndonesiaInflation pressures have both higher interest rates 50 basis points
The China securities journal
28 of Brazil's central bank announced that the bank's monetary policy committee unanimously agreed toThe benchmark interest rateFrom 8.5% to 9.0%, this is the bank raising interest rates for the fourth time since April.The results had been widely expected on the market.Indonesia's central bank held a special meeting on 29, decided to raise the benchmark interest rate by 50 basis points to 7%, because the meeting is not routine of Indonesia's central bank monetary policy meeting, the bank's move came as a surprise to the markets.
Brazil's central bank said in a statement issued in the following, the interest rate to makeinflationRate is on a downward trend, and to ensure that this trend will continue over the next year.Market participants pointed out that the statement is almost the same with previous meeting statement, to some extent or means of Brazil's central bank will keep raising interest rates in the coming months.
Brazil's central bank is the background of the rise of the domestic and international economic growth is slowing the rate of inflation is high.Brazil in mid-august the latest statistics of inflation rate was 6.15%, close to 6.5% of the government of the line.But Brazil's economy grew by 0.9% in 2012, economists expect the economy will grow by 2.5% this year.Although the outside world also worry about the country's economic growth, but the bank's move shows that high inflation is Brazil's economy is currently the biggest dilemma, Brazil's central bank on inflation and to stimulate the economy, select the first regulation severe inflation environment.
In addition, the market's expectations of Brazil's economy is not optimistic signal the central bank will further tightening.According to the survey, the central bank's latest market analysts generally expect Brazil's benchmark interest rate to rise to 9.50% in October this year, before the end of 2014 will remain at this level.Brazil's central bank will be announced on October 9, the next interest rate decisions.
Indonesia's current environment and Brazil are similar, facing the dilemma of economic slowdown and inflation pressures.As the constant flow of capital and currency fell, Indonesia's central bank to continue to tightenliquidityHas become a big probability event.
IndiaCurrency crisis escalated the bank open currency swap window
First financial daily
In the face ofThe rupeePlunged nearly 4% Wednesday after 20 years the biggest drop record, India's central bank on Thursday again forced to introduce new measures to curb capital flight, announced that it would open foreign exchange swap window in order to satisfy the demands of the country's oil companies $.After the policy was announced, the Indian rupee from record lows, hit a the biggest gain since 2009.By the time came to Beijing, the Indian rupee against the dollar at 66.5950, jumped 3.35% in the previous session.
Even so, but since January, the Indian rupee against the dollar has fallen about 20%, is one of the worst performing currencies in the world.Indian shares also fell sharply.In India market increasingly worry, face tough economic challenges and global market turmoil, overseas investors will continue to evacuate.
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