>interest rates have been lowered here in auastralia too in the last couple of
>days, though it's hard to beleive this has anything to do with social
>democratic pressures, given the liberal-national govt.
>
>nonetheless, i'm prepared to think that there may well be a shift toward
>freeing up money and credit, but what do you think this might be in aid of?
Keeping speculative capitals afloat, keeping capital from fleeing Brazil, and giving an inch or two on European unemployment. I wonder how likely it is that there'll be pressure in Europe to ease the Maastricht fiscal criteria.
Doug