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FINANCE MINISTER MALAN AT NEWS CONFERENCE IN RIO, 1997-11-20 (photo)

IMAGE number
REU7984851
Image title
FINANCE MINISTER MALAN AT NEWS CONFERENCE IN RIO, 1997-11-20 (photo)
Auto-translated text View Original Source
Photographer
Gregg Newton
Medium
photograph
Date
1997 AD
Shooting Date
1997-11-20
Image description

Brazilian Finance Minister Pedro Malan comments on the Central Bank's decision to cut interest rates, November 20. Brazil will gradually begin to reduce interest rates beginning in December, after a sharp rise following the government's $18 billion belt-tightening plan earlier in the month. The stock market reacted favourably to the an overnight cut in the prime lending rate and congressional approval of the long-delayed administrative reform. BRAZIL ECONOMY

Photo credit
REUTERS/Gregg Newton / Bridgeman Images
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