Podcast: Brazil's Central Bank President Henrique Meirelles on Keeping Inflation in Check

July 10, 2008

Speaking at AS/COA's annual conference in São Paulo, Central Bank President Henrique Meirelles outlined the bank’s efforts to control inflation brought about by the gap between demand and supply of cheap products. Noting the change set off by the U.S. subprime crisis, the president said that most emerging economies have been working toward fighting inflation and controlling this demand. “Among central banks there is consensus that the global economy needs to grow at a more moderate rate,” said Meirelles. He stressed that the bank will institute monetary policy with the goal of keeping inflation at or below 4.5 percent in 2009. Listen to an English translation of his remarks below:

Download the audio translation of the governor's remarks by right clicking here and saving the file.

Meirelles was appointed Central Bank President of Brazil in 2003. He was also elected to the Brazilian Congress in 2002. Previously he served as the president of BankBoston and FleetBoston's Corporate and Global Bank.

Leia o discurso do Presidente Meirelles em português.

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