Jun
11
Brazil Said to Stick to 2016 Inflation Goal Even as Prices Surge
ByBrazil will hold to its goal of bringing inflation to target next year even after a bigger-than-forecast rise in consumer prices eroded investor confidence.
The central bank isn’t considering delays to its objective of slowing inflation to its 4.5 percent target by December 2016, said a member of President Dilma Rousseff’s economic team with knowledge of monetary policy. Officials will continue monetary policy adjustments until their own 2016 inflation projection falls in line with the target, said the official, who asked not to be named because the discussions aren’t public…
Brazil Said to Stick to 2016 Inflation Goal Even as Prices Surge
