In a presidential decree, the government extended the existing 6 per cent financial transactions tax on overseas loans maturing in up to three years. Previously, the levy was applied only to loans with maturities of under two years.Some of the measures (capital controls) are direct assaults on hot money inflows, but money printing is always the last resort to slow an appreciating currency. Got gold?
President Dilma Rousseff later weighed in on the debate, vowing to defend Brazilian industry and stop developed countries’ policies from causing the “cannibalisation” of emerging markets.
The Bear Market Rally Of Oct22-Mar24 Is Over
-
The bear market rally which began on October 13, 2022 with an intraday low
of 3,492 topped on March 28, 2024 with an intrday high of 5,265. From top
to bot...
No comments:
Post a Comment