Brazil will adopt ‘necessary measures’ to control inflation, says Tombini
Brazil inflation breaches 10% for 2015
The Central Bank of Brazil governor has told the country's finance minister he expects inflation to return to target in 2017, after the rate rose above 10% at the end of 2015.
In an open letter to the new finance minister, Nelson Barbosa, published on January 8, Alexandre Tombini outlined the reasons the central bank failed to meet the 4.5% target over the past year.
Brazil established an inflation targeting regime in 1999, and is now pursuing a target range of 2.5-6.5%. In December inflation
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