Brazil central bank stresses long journey to return inflation to target

<p>Brazil central bank stresses long journey to return inflation to target</p><p><a href="https://piqsuite.com/reuters/brazil-central-bank-stresses-long-journey-to-return-inflation-to-target" target="_blank" rel="nofollow">FULL STORY</a></p><p>Brazil's central bank said on Tuesday that there remains a substantial journey ahead to bring inflation back to the official target, stressing it has ignited a wide-ranging discussion on the increasingly challenging external scenario.</p><p>In the minutes of the meeting held on October 31-November 1, when the bank cut the benchmark interest rate by 50 basis points to 12.25%, it said that its rate-setting committee was unanimous in its assessment that the increased uncertainty in the global scenario calls for caution.</p>

This article was written by Ryan Paisey at www.forexlive.com.