Brazil’s Inflation To Ease If Interest Rates Hold Steady: Tombini
Central bank chief Alexandre Tombini said in an interview published on Tuesday that interest rates at current levels should bring Brazil’s inflation back to the center of the government target, signaling he has no plans to raise borrowing costs anytime soon. Tombini reiterated that inflation should end below the target’s ceiling of 6.5 percent this year, adding that food inflation, which is blamed for a surge in prices earlier this year, is already “dissipating.
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