Bloomberg News

Credit Suisse Expects Brazil to Grow 2.5% in 2012, Olympio Says

December 16, 2011

Dec. 16 (Bloomberg) -- Credit Suisse Group AG expects the Brazilian economy to expand 2.5 percent in 2012, while the country’s benchmark interest rate will likely come down to as low as 9 percent in mid-2012 and the currency rate will likely be 1.75 per U.S. dollar, Jose Olympio Pereira, co-head of investment banking at Credit Suisse’s Brazilian unit, told reporters today in Sao Paulo.

To contact the reporter on this story: Francisco Marcelino in Sao Paulo at mdeoliveira@bloomberg.net

To contact the editor responsible for this story: Telma Marotto at tmarotto1@bloomberg.net


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