The Brazilian Central Bank has revised up the expectations of GDP in 2010 to 7.61%, with inflation growing tendency to 5.85%.
why the Central Bank decided to raise reserve requirements on term deposits to 20% (from 15% previously) and their cash to 12% (from 8% last year).
The increase in reserves will withdraw approximately 36 billion dollars from the financial market:
a system to cool the credit boom that is fueling inflation, while Brazil's economy is growing at the highest rate in 30 years .
According to data released today by the Ministry of Development, Industry and Foreign Trade (MDIC), the Brazilian trade balance has accumulated a penthouse for $ 16.4 billion.
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