August 28, 2019 / 2:15 PM / a month ago

Brazil inflation on a downward path: central bank president

FILE PHOTO: Brazil's Central Bank President Roberto Campos Neto is seen during a BTG Pactual event in Sao Paulo, Brazil, August 8, 2019. REUTERS/Amanda Perobelli

BRASILIA (Reuters) - Inflation in Brazil, a country that once suffered from hyperinflation, is low and predictable, and appears to be heading lower, central bank president Roberto Campos Neto said on Wednesday.

“For a country that has had 82% monthly inflation, we now have predictable price indices, consistent with our targets and on a path to even lower levels still,” Campos Neto said at a ceremony celebrating 25 years of the currency, the real, according to his presentation posted on the bank’s website.

Reporting by Marcela Ayres and Jamie McGeever; Editing by Chizu Nomiyama

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