Brazil's Meirelles: tightening will continue

The Central Bank of Brazil is committed to bringing inflation to the 4.5% midpoint of its inflation target during 2009, said Henrique Meirelles, the governor of the central bank in a recent speech.

Fast aggregate demand growth continues to be an important domestic source of inflation risks, particularly amid increasing evidence of limits to the expansion of supply.

Not acting promptly on inflation would enable initial specific price pressures to contaminate inflation dynamics, the governor

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