BRASILIA (Reuters) - Inflation in Brazil, a country that once suffered from hyperinflation, is low and predictable, and appears to be heading lower, central bank president Roberto Campos Neto said on Wednesday.
"For a country that has had 82% monthly inflation, we now have predictable price indices, consistent with our targets and on a path to even lower levels still," Campos Neto said at a ceremony celebrating 25 years of the currency, the real, according to his presentation posted on the bank's website.