Brazil FX weakness appears to have faded, inflationary pressures should ease - cenbank chief

BRASILIA, Nov 26 (Reuters) - Brazil's currency looks to have stopped weakening and is stabilizing, indicating that the upward pressure on inflation from a persistently weak exchange rate this year will dissipate, central bank president Roberto Campos Neto said on Thursday.

In an online interview with media outlet MyNews, Campos Neto said the central bank takes a longer-term view on inflation rather than looking at it day to day, and said there is little to suggest longer-term inflation impulses have changed much despite the recent spike. (Reporting by Jamie McGeever and Marcela Ayres; Editing by Toby Chopra)

Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.