May 27 (Bloomberg) -- Henrique Meirelles, Brazil’s longest serving head of the central bank, said he’s “confident” inflation will meet the nation’s target because the country has already started raising interest rates....
Policy makers last month raised the benchmark interest rate, after keeping it at a record low for nine months, amid forecasts that Latin America’s biggest economy will expand at the fastest pace in two decades this year. Analysts forecast that accelerating demand will drive the benchmark inflation rate above the government’s target this year and next...
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