2012.06.08 15:22:04 MARKET TALK: Brazil 50-BP Rate Cut Likely in July -Goldman

9:21 EDT - Brazil is likely to see another half-point interest rate cut when the central bank meets in July, this time pulling the Selic rate down to 8.0%, Goldman Sachs says. The central bank today released minutes from its May meeting, at which it cut the base rate a half point to 8.5%. Goldman thinks the minutes leave "the door open for additional rate cuts," as the central bank weighs growth vs inflation. Continued weak growth could mean more rate reductions through the end of 2012, while rising inflationary pressures could bring a pause after the expected July cut. (tom.murphy@dowjones.com) Call us at (212) 416-2181 or john.shipman@dowjones.com (END) Dow Jones Newswires June 08, 2012 09:22 ET (13:22 GMT)