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Early Review Of Inflation Targets Being Considered

BRAZIL
  • BRAZIL CONSIDERS EARLY REVIEW OF INFLATION GOALS TO BOOST THEM (BBG)
  • (Bloomberg) -- Brazil’s economic team is considering an early review of the country’s inflation targets in an attempt to defuse tensions between the central bank and President Luiz Inacio Lula da Silva, who has been publicly pushing for higher goals and lower interest rates, according to two government officials with knowledge of the matter.
  • Central bank chief Roberto Campos Neto would be in favor of a higher target, the officials said. He has a seat at the council, together with the finance and planning ministers. The council’s next meeting is scheduled for Feb. 16.
    • USDBRL ticking higher following the headline. As noted,, initial firm resistance to watch is at 5.2557, the Jan 19 high.

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