Brazilian CB raises growth outlook
The central bank raised its forecast for gross domestic product growth this year to 4.7% from a previous estimate of 4.1% in March. The forecast for 2007 inflation was cut to 3.5% from 3.8%, according to the central bank's quarterly report on inflation.
The central bank, led by Henrique Meirelles, reduced the overnight lending rate by half a percentage point to 12% on
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