Cool Air from the Hot Southern Hemisphere

The Southern Hemisphere is now in midsummer, or the peak season for air conditioners. On this occasion, let us take a look at the air conditioner markets in Brazil and Australia. On December 3, 2014, the Monetary Policy Council of the Central Bank of Brazil decided to raise the policy interest rate from 11.25% to 11.75% per annum, 0.5 points higher than the market prediction.