Brazilian inflation ‘to settle at 6.5%’
The Brazilian government has claimed that inflation is expected to stand at "around" 6.5 per cent at the end of the year, Brazilian property investors may be interested to learn.
Bloomberg reports that the country’s planning and budget minister Paulo Bernardo told reporters Brazil was better placed to reach this level of inflation than many other countries.
"Many countries have already exceeded their target and also their margin of error. Here in Brazil, things aren’t as bad as they are elsewhere," Mr Bernardo claimed.
The country’s current account deficit is also likely to improve due to increasing foreign investment in the country.
According to the country’s central bank, this investment is set to top $35 billion (£17.7 billion) in 2008, the news provider reports.
Earlier this week, the Brazilian president Lula da Silva said the country’s economy was demonstrating "strength and sustainability", according to Merco Press.
The politician said he expected the economy would "continue growing".
