Brazil cb COPOM Minutes15/16 June

The Banco Central Do Brasil has published the minutes of the 97th meeting of the Monetary Policy Committee (COPOM), 15 and 16 June. Recent economic activity indicators confirm the continuity of the economic rebound process initiated in the second quarter of 2003, the minutes said.

The recovery trend has been corroborated by the GDP figures for the first quarter of 2004. Compared to the previous quarter, real GDP grew 1.6%, seasonally adjusted. In comparison with the same quarter of 2003, real

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