December 18, 2018 / 10:22 AM / 6 months ago

Inflation outlook still consistent with targets, Brazil c.bank says

BRASILIA, Dec 18 (Reuters) - Inflation in Brazil still looks set to converge to the central bank’s targets for 2019 and 2020 despite a recent decline in forecasts, according to the minutes of the bank’s last policy meeting.

The bank last week kept the benchmark Selic interest rate at a record-low 6.50 percent and signaled it may refrain from hiking for longer than expected. (Reporting by Bruno Federowski; Editing by Kevin Liffey)

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