Brazil's COPOM ready to raise rates if necessary

Brazil's central bank is ready to raise interest rates and will accelerate increases if necessary to control inflation, according to the minutes of its COPOM meeting held last week released on Thursday 27 January .

The directors ``reaffirmed their conviction that additional stages in the process that's under way of adjustment to the base interest rates, followed by a sufficiently lengthy period of maintaining interest rates, should be sufficient to bring the future path of inflation toward the