market commentators predict brazil's economy could grow as much as 4% in 2007 as interest rates are cut further by the central bank Brazil's policymakers have slashed interest rates more aggressively to kickstart economic growth

By Fabio Alves, Bloomberg Columnist Brazil's central bank cut the benchmark lending rate by a further 0.5% after 10 straight reductions failed to stimulate economic growth. Policymakers reduced the overnight interbank rate to 13.75%, as predicted by 23 of 25 economists surveyed by Bloomberg. Central bankers have slashed the benchmark rate 6% since September 2005. "Growth isn't really going anywhere and inflation expectations are well below the targets, so there is no reason for the central bank not to lower interest rates more aggressively,'' said James Barrineau, who helps manage $9bn ...