Long-term interest rate set at 7.5%

29/06/2006 - 14h33

Stênio Ribeiro
Reporter - Agência Brasil

Brasília – Brazil's Long-Term Interest Rate (Taxa de Juros de Longo Prazo) (TJLP) for the third quarter (July-Setember) was set at 7.5% yesterday by the National Monetary Council (Conselho Monetário Nacional) (CMN).

In making the announcement, minister of Finance, Guido Mantega, declared that the government's 2008 inflation target remains 4.5%.

Translation: Allen Bennett

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