Brazil to Meet ’13 Inflation Goal of 4.5%, Magela Says

Brazil’s inflation will slow to its goal of 4.5 percent next year, central bank Executive Secretary Geraldo Magela said.

Latin America’s biggest economy will receive about $64 billion in foreign direct investment next year, Magela said at the annual meeting of the Latin American Banking Federation in Lima. Brazil’s current account deficit will be 0.6 percent this year, he added.

(Corrects first name in first paragraph.)
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