Brazil may widen inflation target's 2 point band

BRAZIL - The finance ministry and the central bank may decide to widen the existing two-percentage points leeway above the inflation target set by the central bank, financial daily Valor Economico reported.

The national monetary council will meet tomorrow to set the inflation target for 2004.

The inflation target for 2003 has been set at 3.25 pct, with a maximum leeway of 2 percentage points above or below that figure.

According Valor Economico, the national monetary council may decide to widen

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