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Brazil's central bank is set to cut rates for the 7th consecutive time tonight to deal with a...
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Wednesday, May 30, 2012, 7:29 AM ETBrazil's central bank is set to cut rates for the 7th consecutive time tonight to deal with a still-slowing economy. Consensus is for a 50 basis point reduction to 8.5%. At its last policy meeting, the bank surprised with a 75 bp cut. Brazilian shares have performed about as badly as Spain's of late. EWZ -24% in the last 90 days.
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