Brazil Sees Risk to 2016 Inflation After Budget Target Eased
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Brazil’s central bank sees new risks to the 2016 inflation outcome only days after the government cut its target for budget savings.
“Despite some undeniable positive results, recent developments show that there are new risks to the inflation outcome for 2016 that might affect longer-term horizons,” Economic Policy Director Luiz Awazu Pereira said Friday in prepared remarks for an event in Rio de Janeiro posted on the bank’s website.