Brazil's Meirelles says inflation not yet stable

Speaking in testimony to Brazil's parliament, central bank President Henrique Meirelles said inflation was not yet under control and the bank will keep a watch with its interest rate policy.

Source: Bloomberg

Brazil's central bank President Henrique Meirelles said the inflation rate is not yet "controlled," suggesting the bank may not yet be ready to reduce the overnight interest rate from a four-year high.

Meirelles, in a testimony to the lower house's finance and taxation committee, said annu

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