Brazil´s Unemployment Rate Falls

Unemployment in Brazil’s six largest metropolitan areas fell to 9.4 percent in June, the lowest level since the government began keeping track of the indicator in October 2001. Growth in Brazil is expected to slow to 3 percent this year from 4.9 percent in 2004, according to a July 15 central bank’s weekly survey of economic forecasts. On Wednesday Brazil´s central bank decided to leave its benchmark interest rate at 19.75 percent.