The central bank boosted its inflation target for this year to 8.5 percent from its previous goal of 4 percent. The target for next year is 5.5 percent, up from 3.75 percent, Henrique Meirelles, the central bank president, said in a letter to Finance Minister Antonio Palocci. The bank didn’t specify any change to the 2.5 percentage leeway allowed for meeting its target..
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