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Brazil's central bank signals it's nearing an end to interest rate hikes, cutting its growth...

Mar. 30, 2011 5:45 PM ETBanco Bradesco S.A. (BBD) StockBZF, EWZ, BBD, BRF, ITUB, BSBR, BRXX, BRAFBy: Stephen Alpher, SA News Editor
Brazil's central bank signals it's nearing an end to interest rate hikes, cutting its growth forecast and saying higher inflation "due to supply shocks is acceptable." "The central bank prefers to do less rather than more in terms of raising interest rates," says Goldman Sachs. EWZ +2.0%. BZF +1.7%.

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