Brazil Cuts Inflation Target Range for First Time Since 2006

Brazil Portal

MARIO SERGIO LIMA AND DAVID BILLER, BLOOMBERG BUSINESS – 6/26/2015

Brazil’s government narrowed the inflation target range for the first time since 2006 as policy makers try to restore confidence in their ability to contain consumer prices.

Brazil's President Dilma Rousseff reacts after a meeting with the France's Prime Minister Francois Fillon at the Planalto Palace (Ueslei Marcelino Reuters, REUTERS / December 15, 2011) Brazil’s President Dilma Rousseff reacts after a meeting with the France’s Prime Minister Francois Fillon at the Planalto Palace (Ueslei Marcelino Reuters, REUTERS / December 15, 2011)

The inflation target for 2017 will be 4.5 percent with a tolerance range of 1.5 percentage points above or below that, Brazil’s monetary council decided Thursday evening. Brazil implemented the current target range of 2.5 percent to 6.5 percent in 2006.

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