Tombini: Central Bank of Brazil to do ‘whatever is necessary’ to hit inflation target
Inflation ended 2014 within target range at 6.41%
The Central Bank of Brazil is prepared to do "whatever is necessary" to slow inflation to its 4.5% target next year, after it fell to 6.41%, just below the upper limit of the range, at the end of 2014.
"While inflation tends to show resistance in the short term, the central bank reiterates that it will do whatever is necessary so that inflation this year enters into a long period of decline, which will bring it to the 4.5% target in 2016," central bank governor Alexandre Tombini said in a
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