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Stories for June 25th 2003

• Wednesday, June 25th 2003 - 21:00 UTC

  Brazil adjusts inflation targets.

  Brazilian monetary authorities decided this Tuesday to readjust upwards the inflation target for the coming two years. The 2004 target was increased from 3,75% to 5,5%, with a 2,5% plus/minus tolerance, which means inflation next year will have an 8% ceiling. Similarly the 2005 target was fixed in 4,5% with a plus/minus 2,5%.

• Wednesday, June 25th 2003 - 21:00 UTC

  IMF-Argentina, friends but?

  International Monetary Fund Managing Director Horst Koehler announced in Buenos Aires that the multilateral credit organization was working in a medium term agreement with Argentina.