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Tombini : Brazil's Monthly Inflation to Ease in Next Three Months

Brazil's cbank's Tombini expects inflation in Brazil to tame down in the next three months than it was in April,
He said it is unlikely that higher prices are unlikely to interfere with looser monetary conditions.
He added that trailing 12-month inflation in Brazil is moving toward the 4.5 pct midpoint of the target
Tombini said the bank will continue assessing all factors that affect inflation

Quotes

"Over the next three months Brazil's monthly inflation will be lower than the monthly inflation recorded in April. We will monitor that in the next few months but that is our view at the moment."

Alexandre Tombini, President, Cbnak

Published: 2012-05-10 20:31:00 UTC+00

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May 21 at 19:28 UTC