Brazilian central bank warns of higher inflation

10:38, June 18, 2010      

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Strong domestic demand for goods and services and the depletion of productive capacity may lead to higher inflation, Brazil's central bank said on Thursday.

There are increasing possibilities that inflation will exceed the government's targets, said the bank's Monetary Policy Committee (Copom) in the minutes of its meeting last week.

Brazil's monetary policy is governed by the system of inflation targeting, established at 4.5 percent per year for both 2010 and 2011, with two percentage points of tolerance.

Source:Xinhua

(Editor:黄蓓蓓)

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