RIO DE JANEIRO (Dow Jones)--Record low unemployment and rising consumer prices in Brazil are turning up the heat on central bankers in Latin America's largest economy, meaning the country's new president will likely kick off her administration with interest rate increases.
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"I think that, technically, the data paves the way for a rate hike at the next central bank meeting" scheduled for Dec. 8, said economist Newton Rosa of Sao Paulo-based investment bank Sulamerica Investimentos. "But the first rate increase will probably come in January because the government is in transition."
President-elect Dilma Rousseff drew praise from the market this ...Read the remaining of the article here
