Reuters logo
Brazil fighting inflation impact of weaker currency -cenbank head
January 27, 2014 / 11:36 AM / in 4 years

Brazil fighting inflation impact of weaker currency -cenbank head

LONDON, Jan 27 (Reuters) - The Brazilian central bank will fight the effects that the country’s weakening currency has on inflation, central bank chief Alexandre Tombini said on Monday.

Tombini said in a speech in London that the bank has raised interest rates to fight inflation and weather new global financial conditions.

The central bank raised rates by half a percentage point to 10.50 percent earlier this month, but signaled it may be ready to slow the pace of one of the world’s most aggressive tightening cycles.

Private economists in a central bank survey, released on Monday, forecast 2014 inflation at 6.02 percent, well above the official target midpoint of 4.5 percent.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below