Brazilian policy-makers concerned about inflation outlook

MPC members concerned inflation will remain above target for next year

Members of the Central Bank of Brazil's monetary policy committee are concerned inflation expectations for 2017 are above the bank's 4.5% target, minutes from the latest meeting revealed.

The board, led by governor Ilan Goldfajn, voted at its August meeting to keep interest rates on hold at 14.25% for the ninth consecutive month.

"All of the members of the board showed satisfaction in the disinflation outlook for the Brazilian economy in a relevant horizon for monetary policy," the minutes said

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