(Bloomberg) -- Brazil's National Monetary Council
extended the central bank's annual inflation target of 4.5
percent to 2009, saying the rate will give policy makers
``flexibility'' to deal with unexpected price increases.
The council, composed of Finance Minister Guido Mantega,
Budget Minister Paulo Bernardo and central bank president
Henrique Meirelles, maintained a band of 2 percentage points
above or below the target, Mantega said. Today's favorable
economic outlook allows the bank to aim for an inflation rate
below the mid-point of the target, he said.
Read more at Bloomberg Emerging Markets News
extended the central bank's annual inflation target of 4.5
percent to 2009, saying the rate will give policy makers
``flexibility'' to deal with unexpected price increases.
The council, composed of Finance Minister Guido Mantega,
Budget Minister Paulo Bernardo and central bank president
Henrique Meirelles, maintained a band of 2 percentage points
above or below the target, Mantega said. Today's favorable
economic outlook allows the bank to aim for an inflation rate
below the mid-point of the target, he said.
Read more at Bloomberg Emerging Markets News
No comments:
Post a Comment