Brazil‘s President Dilma Rousseff said Wednesday that the country‘s public-sector accounts and inflation are under control, and the government has "all the factors" to prevent an unwanted rise in prices.

"It is very important for Brazil to have a vision of its future that concurs with the current real situation, and Brazil‘s real situation is that inflation and public accounts are under control, " Rousseff said."That means that when we look around, Brazil‘s relation to several components of macroeconomic indicators is very healthy," Rousseff added.

In the past 12 months ending in May, the inflation rate registered 6.5 percent, the upper limit placed by government monetary policy, whose goal is 4.5 percent with a two percent margin. At the same time, economic growth during the first quarter was a scant 0.6 percent, a figure below estimations. Two weeks ago, Brazil‘s Central Bank raised the basic Selic interest rate from 7.5 to 8 percent annually to restrict demand and keep a cap on inflation, a measure that surprised analysts.
The primary surplus in public-sector accounts dropped 32 percent in the first quarter of 2013, compared to the same period in 2012, pointing to low economic activity.