Brazil Central Bank sees 2001 inflation below 4%

Brazil's key IPCA inflation index will end 2001 below the government's target of four percent, the country's central bank said in its quarterly inflation report released on Dec 29.

The IPCA index, a key government gauge for setting interest rates, would be about six percent in the first half of the year but slow in the second half to bring the level down, it said. The Bank did not give any exact figures.

The Bank said a drop in oil prices which would take the pressure off gasoline costs would b

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