Tombini Sees CPI Fight Rebuilding Brazil Confidence, Estado Says

The fight against inflation is important for rebuilding confidence in Brazil’s economy and boosting investment, central bank President Alexandre Tombini said, according to newspaper Estado de S. Paulo.

A recovery in confidence is necessary to maintain the process of gradual economic recovery, Tombini said, according to the Sao Paulo-based newspaper. The bank’s mission is combating inflation and that’s what it’s doing, Tombini said. Inflation will be slower this year than last year’s 5.84 percent, he said.