Brazil cbank forecasts inflation at 4.8% in 2001

BRAZIL - Brazilian inflation, as registered by the IPCA index, should reach 4.8 percent in 2001, above initial forecasts but within government targets, the central bank said Mar 30, 2001.

A recent weakening of the real currency to all-time lows will likely put pressure on prices and push inflation above the initially forecast four percent, the bank said in a quarterly inflation report.

The bank's official target for inflation is four percent, as registered by the IPCA index, plus or minus two p