RIO DE JANEIRO Feb 7 Brazil's central bank
president Alexandre Tombini told the O Globo newspaper that he
is not comfortable with the country's consumer inflation, which
in January hit its highest monthly rate in nearly eight years.
"Inflation worries us in the short term. It's very
resilient, but it's not out of control," Tombini said in an
interview with O Globo financial journalist Miriam Leitao.
"Despite that, we expect it to remain under pressure during the
first half of the year, staying at 6 percent for the 12-month
period," he added.
Asked whether it was time for the central bank to adjust its
monetary policy, Tombini said he is "paying attention to
Brazil's benchmark IPCA consumer price index
rose 0.86 percent in January, fueled by food prices. In the 12
months through January, inflation rose to 6.15 percent, the
highest reading in a year, and dangerously close to a the 6.5
percent ceiling of a government target.
The index had been expected to rise 0.84 percent, up from an
increase of 0.79 percent in December, according to the median
forecast of 31 economists surveyed by Reuters.