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Brazil c.bank says can control inflation

Published 06/03/2010, 10:46 PM
Updated 06/03/2010, 10:51 PM

BUSAN, South Korea, June 4 (Reuters) - Brazil's central bank chief said on Friday he was confident of keeping a lid on inflation.

"We are now already in a process of tightening the monetary policy on Brazilian rates and we are confident we'll keep inflation under control," Governor Henrique Meirelles told Reuters in this South Korean port city ahead of a G20 finance ministers meeting.

Inflation is currently running above the central bank's 4.5 percent target, stoked mostly by strong domestic demand.

The International Monetary Fund said recently Latin America's largest economy could grow as much as 7 percent in 2010 and warned of overheating. (Reporting by James Pomfret, editing by Jonathan Thatcher)

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