Brazil's Meirelles says inflation 'stubborn'

Brazil's central bank governor Henrique Meirelles said in a Reuters interview on Monday 2 June that last year's collapse in the value of the real has left stubborn inflationary pressures with prices failing to adjust domestically after the fall in the cost of imports.

First published by Reuters, 2 June.

Brazil is on track for 2 percent growth this year but persistent inflationary pressures would require further monetary policy action, Brazil Central Bank Governor Henrique Meirelles said on Monday

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