Brazil's Meirelles reiterates 8.5% inflation goal

Interest rates "may ease" in Brazil if inflation falls by half, central bank president Henrique Meirelles told journalists after speaking at a seminar in Seville, southern Spain.

Source: Bloomberg

Brazilian central bank President Henrique Meirelles reiterated his prediction that the inflation rate in South America's biggest economy will fall by half by the end of the year to 8.5 percent and that may lead to a cut in interest rates.

``We have targets for inflation of 8.5 percent for this year,''

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