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BRAZILIAN FINANCE MINISTER PALOCCI ARRIVES FOR PRESS CONFERENCE, 2003-06-24 (photo)

BRAZILIAN FINANCE MINISTER PALOCCI ARRIVES FOR PRESS CONFERENCE, 2003-06-24 (photo)
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IMAGE number
REU8366616
Image title
BRAZILIAN FINANCE MINISTER PALOCCI ARRIVES FOR PRESS CONFERENCE, 2003-06-24 (photo)
Auto-translated text View Original Source
Photographer
Jamil Bittar
Medium
photograph
Date
2003 AD (C21st AD)
Shooting Date
2003-06-24
Image description

Brazilian Finance Minister Antonio Palocci addresses the media in Brasilia, June 24, 2003. Brazil's National Monetary Council on Tuesday set an inflation target fo 2005 of 4.5 percent and revised next year's official goal up to 5.5 percent, Palocci said. By making 5.5 percent the "official" target for next year, the monetary council gives the Central Bank more room to cut interest rates to bolster Brazil's sputtering economy since official goals have a leeway of plus or minus 2.5 percentage points. REUTERS/Jamil Bittar JB

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REUTERS/Jamil Bittar / Bridgeman Images
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