Wednesday, June 6, 2007

UPDATE 1-Brazil central bank cuts rate to low of 12 pct

(Reuters) - The bank's monetary policy directors voted 5 to 2 for the
half-percentage-point cut, which extended a 22-month rate
easing cycle, the longest in Brazil's history.




Two directors wanted a smaller 25-basis-point cut.


Read more at Reuters.com Economic News

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