Brazil minister says inflation under control

Fri Jan 29, 2010 9:12am EST
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DAVOS, Switzerland (Reuters) - Brazil's inflation remains under control, Finance Minister Giudo Mantega said on Friday, on the sidelines of the World Economic Forum.

Asked if he was pleased with the decline in the Brazilian currency, the real, so far this year, Mantega said: "Yes, I am happy," adding it had "not yet achieved currency equilibrium."

(Reporting by Martin Howell; Editing by Jon Boyle)