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Brazil Cuts Rates for 8th Consecutive Time

Thu 12 Jul 12 | 03:45 AM ET
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Brazil Cuts Rates for 8th Consecutive Time

Thu 12 Jul 12 | 03:45 AM ET
"It is interesting that emerging markets still have room to cut rates, there is plenty of room to cut rates there is also room for fiscal stimulus which doesn't exist in developed markets," Ed Cowen, CEO of Adelante Asset Management, told CNBC.
 
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