Brazil adjusts inflation target upwards to 5.5%

Brazil revised its inflation target up on Tuesday to 5.5 per cent. The 2005 target was fixed at 4.5 per cent. Making the announcement Brazilian Finance Minister Antonio Palocci emphasized that the government will keep strictly to the target.

Source: Merco Press

Brazilian monetary authorities decided this Tuesday to readjust upwards the inflation target for the coming two years. The 2004 target was increased from 3,75% to 5,5%, with a 2,5% plus/minus tolerance, which means inflation next year wi

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