Brazil's central bank commits to hitting 4.5% inflation

07/16/2008 | Bloomberg

Henrique Meirelles, president of Brazil's central bank, said the institution will focus on reaching its inflation target of 4.5% next year. "The central bank is committed to doing what it takes for as long as it takes to ensure inflation converges to the midpoint of the target in 2009," Meirelles said. Inflation in Brazil has hit 6.06%, the highest level in 31 months.

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