Brazil c bank unlikely to change inflation target

- Central Banking staff
- 03 Feb 2003

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Brazil's central bank has said it would only change its inflation target for 2003 if an increase in regulated prices surpassed its forecast of a jump of 14 percent.

In the minutes of last week's meeting of its Monetary Policy Committee (Copom), the bank also said that if it had left its benchmark interest rate unchanged at 25 percent, consumer inflation would have ended the year slightly higher than its target of 8.5 percent.

In its first meeting under new bank chief Henrique Meirelles, the Copom

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