RIO DE JANEIRO (Reuters) - Brazil's inflation rate will probably end the year below 3 percent, undershooting the lower bound of the official target range, Planning Minister Dyogo Oliveira said on Monday.

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"We are witnessing a very healthy process of economic recovery in Brazil," Oliveira said at an event.

(Reporting by Rodrigo Viga Gaier; Writing by Silvio Cascione; Editing by Chizu Nomiyama)