(Bloomberg) -- Brazil's real held near the highest
since 2000 after an inflation report showed consumer prices rose
at a slower pace this month, boosting confidence the value of
local fixed-income assets will stay attractive. Bonds gained.
Signs of cooling inflation also increased bets the central
bank will have room to continue to reduce interest rates this
year, fostering economic growth. Brazilian central bankers have
lowered the benchmark lending rate by 8.25 percentage points
over the past two years to a record low of 11.50 percent.
Read more at Bloomberg Currencies News
since 2000 after an inflation report showed consumer prices rose
at a slower pace this month, boosting confidence the value of
local fixed-income assets will stay attractive. Bonds gained.
Signs of cooling inflation also increased bets the central
bank will have room to continue to reduce interest rates this
year, fostering economic growth. Brazilian central bankers have
lowered the benchmark lending rate by 8.25 percentage points
over the past two years to a record low of 11.50 percent.
Read more at Bloomberg Currencies News
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