Parra says Venezuelan inflation may exceed target

The president of Venezuela's central bank, Gaston Parra, has said inflation is likely to end the year about 4 percentage points above the government's target range of 10 percent to 12 percent.

Speaking to reporters at a conference in Caracas, Parra said the central bank is putting ``prudent'' measures in place to fight accelerating inflation and recommended the country's policy makers employ ``monetary tools'' exclusively to curb excessive price increases.

Parra also said the government has no

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