Tuesday, April 26, 2011

Hawk in the Commission's Vale agreed that the first quarter was weak

Member of the Monetary Policy Committee Vale, who voted for higher rates in the last four meetings, suggested last week that growth in first quarter will be lower than he expected. He also indicated that he intends to wait until the next assessment of inflation and growth (which are part of the forthcoming report on inflation) before taking a position against raising rates. And such comments, we can conclude that the ranks of the hawks in the Commission cancel.

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