Inflation remains too high for cenbank to cut Brazil key rate
BRASILIA May 5 (Reuters) - Inflation in Brazil remains too high for the central bank to consider cutting interest rates despite a crippling recession, according to the bank minutes from its last rate-setting meeting released on Thursday.
The bank's 2016 inflation forecast has fallen from its previous estimate, but remains above the 4.5 percent center of the official target, according to the minutes. (Reporting by Alonso Soto and Silvio Cascione; Editing by Chizu Nomiyama)
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