Brazil central bank director vows quick response to inflation

The Central Bank of Brazil

Brazil's central bank will quickly adjust monetary policy if needed to battle inflation, though policy-makers have, for the moment, ruled out lowering interest rates.

"If the inflation outlook requires it, [a change in] monetary policy should be and will be promptly triggered," says Carlos Hamilton Araújo, director of economic policies of the central bank.

According to the central's bank quarterly report on inflation, released today, the target of 4.5% established by the government will not be r

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