Brazil ready to take more active inflation stance

Brazil's central bank revealed Thursday 29 July in the minutes of its last Copom monetary policy meeting that it was ready to raise take a "more active" position on price increases if there are signs inflation is rising at too fast a pace to meet its targets.

The bank believes keeping interest rates at current levels for a ``prolonged period'' should lead to a ``benign scenario'' for inflation, the minutes, published today, of its monetary policy meeting last week, said. Even so, the bank ``will

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