Could commercial investment in Brazil rise as Meirelles remains confident?
Date added: 19th August, 2010 at 10:31
(view all articles from August, 2010)
Categories: Economy
Those seeking in commercial investment opportunities in Brazil may be interested to know a finance official has told analysts not to panic about changes to the country's interest rates.
Henrique Meirelles, president of the nation's central bank, told Globo News that the recent decision to reduce the pace of interest rate tightening was a justified one, due to a recent slowdown in industrial production and economic growth, Dow Jones Newswires reported.
The expert went on to say his organisation was "better informed" and employed "the best analysts", asking critics to trust the institution's policy changes, the news provider said.
"There will be a recovery," he stated, predicting the economy will expand at a quicker pace over the third quarter.
"It's important that analysts take great care and don't look at any situation as permanent," Mr Meirelles warned, noting the outlook for worldwide fiscal health was still "uncertain", the information source stated.
The Brazilian government recently raised its predictions for the growth of gross domestic product from 5.5 per cent to 5.7 per cent between 2011 and 2014.
For anyone wishing to invest in the full potential of Brazil, Property Bond Brazil has an excellent array of opportunities for commercial investment in Brazil. 
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