The cost of money is lowered Brazil e South Korea, with respective central banks cutting discount rates. In both cases the reduction was 25 basis points. That of However, this South American country was a surprise move: analysts had expected the rate to be confirmed at 7,5%, instead the monetary authority decided for a drop to 7,25%.
More predictable the decision of Alone, which must react to the collapse in demand from Europe, its main reference market for exports, and to the weakness of domestic consumption. In September alone, exports fell by 6,2%, to 42,81 billion. As already hinted a few weeks ago, the Korean Central Bank cut the discount rate from 3% to 2,75%. It is the second operation of this type since the beginning of the year, after the reduction decided in July.
At this point, analysts expect the central bank to measure the impact of this decision and wait for some time before moving in one direction or another. The surge in wheat and other staples could lead to an increase in inflation, currently at 2%, below the 3% target
