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Inflation Within Target in 2016 Says Brazil’s Central Bank

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The Central Bank (CB) of Brazil forecasts that this year’s inflation will reach 6.5 percent, within the upper limit of the government’s established target (center at 4.5 percent). According to the Bank’s last Quarterly Inflation Report for 2016, the forecast is 0.1 percentage point below that reported in September (6.6 percent).

The report was released on Thursday, December 22nd, and is in line with market expectations. “The evolution of prices indicates an ongoing disinflationary process,” stated the report.

Adding, “Recent inflation figures came . . .

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