Brazil central bank insists inflation under control and growth picks up in second half

Tuesday, July 24th 2012 - 01:56 UTC

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The jump in Brazilian consumer prices this month was a temporary reversal and won’t jeopardize the government’s 4.5% inflation target this year, central bank President Alexandre Tombini said on Monday. Read full article

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ChrisR
“Brazil’s economy will accelerate in the second half without stoking inflation, Tombini said on Monday during a press conference.”

Mmm, is this guy for real? Does he really believe this nonsense or is it just for public consumption?

Wait and see what happens in the second half but I have no doubt it will be different to these 'hopes'.
Jul 25th, 2012 - 05:21 pm - Link - Report abuse 0
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