Meirelles: Brazil's CPI expectations 'anchored'

Brazil's central bank president Henrique Meirelles has said inflation expectations among investors are "well anchored" in Latin America's biggest economy.

Speaking to the Senate Economic Affairs Committee in Brasilia, Meirelles said inflation has been ``benign.''

``Inflation expectations are also well anchored,'' Meirelles said. ``Monetary policy actions have kept inflation expectations under control for 2006 and 2007.''

Meirelles, 60, said the central bank ``ready to act if needed to meet the