Brazil Sees Inflation on Target for First Time Since 2009
- Consumer prices to increase 4.4 percent next year, BCB says
- BCB sees improvement on fiscal reforms, retail food prices
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Inflation in Brazil will hit the official target next year for the first time since 2009, and conditions for an easing of monetary policy are improving, the country’s central bank said on Tuesday. Swap rates fell.
"Price development shows evidence that disinflation is under way," the bank said in its quarterly inflation report published on its website.