Fri Mar 5, 2010 9:07am EST Related News UPDATE 1-Brazil cenbank: ready to act to keep stabilityFri, Feb 26 2010Brazil cenbank: ready to take unpopular measuresFri, Feb 26 2010
NEW YORK, March 5 (Reuters) - Brazil"s central bankpresident Henrique Meirelles said on Friday that his countrywas facing a smaller risk of inflation than in the past.
"We have now a highly predictable inflation path,"Meirelles said in a speech in New York. "Inflation surprisesare less likely, and that is reflected in Brazil"s lower riskpremium."
Meirelles added that he sees signs of a recent pick-up inforeign direct investment in Brazil. (Reporting by Vivianne Rodrigues; editing by Jeffrey Benkoe)
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