President Lula says low inflation is as vital as growth

“ Brazil is committed to responsible economic policies and low inflation is vital”, President Luiz Inacio Lula da Silva said on radio broadcast.
"Obviously we could be growing more ... but distributing income and controlling inflation are just as important."
Lula also said he expected growth to pick up in the second half of the year.
The economy grew 4.3 percent in the first quarter compared with the same quarter a year ago and 0.8 percent compared with the fourth quarter last year.
Lula, who followed a market-friendly economic policy on his first term despite his leftist background, said he would do everything necessary to make sure Brazil's economy kept gaining credibility. Stability was the best thing for the working class, he said.
In recent months Lula has pledged to increase government investment and to make the economy grow at least 5 percent per year.
"All the world can see that we have managed to combine growth with inflation control," Lula said.
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