(Bloomberg) -- Brazil's bond yields rose after a
larger-than-expected increase in industrial production bolstered
speculation the central bank will stop cutting interest rates.
Brazil's central bank lowered the benchmark lending rate by
half a percentage point to a record low of 12 percent on June 6,
the 16th consecutive decrease. The bank has cut the target from
a high of 19.75 percent in September 2005.
Read more at Bloomberg Currencies News
larger-than-expected increase in industrial production bolstered
speculation the central bank will stop cutting interest rates.
Brazil's central bank lowered the benchmark lending rate by
half a percentage point to a record low of 12 percent on June 6,
the 16th consecutive decrease. The bank has cut the target from
a high of 19.75 percent in September 2005.
Read more at Bloomberg Currencies News
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