Brazil's Central Bank's President forecasts inflation decline in few months
Brazil's Central Bank's President Alexandre Tombini 
Brazil Central Bank's President Alexandre Tombini said Thursday (Apr. 7) that he believes that the country's inflation will decline in the next few months. He gave a speech Thursday at the 2016 Itaú Macrovision meeting at Unique Hotel in São Paulo.
"After the high inflation in January, mainly caused by the significant rise in fresh food and public transport. In February, the inflation rate began to decline. In the next few months, important factors will make inflation follow the downward trend," he declared.
Tombini reported that several products of administered prices like water, sewage, gas, and public transport, pushed inflation in a significant way in 2015, but they might display "moderate behavior" this year.
"The Central Bank will not shirk if new developments change the balance of inflation risk and will adopt the necessary measures to ensure the fulfilment of the objectives of the targeting system. In order to bring down inflation to the target of 4.5% in 2017," he added.
Tombini pointed out that, despite the economic difficulties, Brazil's financial system is solid, well-capitalized, liquid and less dependent on external finance.
"The moderate increase in delinquency rates poses no material risk to the system. The indebtedness of the private sector is being well managed, including by renegotiating loans. For being solid, the financial system is an important foundation for the economy, and is specially relevant at this time of great challenges," concluded Tombini.
Translated by Amarílis Anchieta
Fonte: Brazil's Central Bank's President forecasts inflation decline in few months
