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Brazil FX has overshot, equilibrium rate around 4.50 reais per dollar - economy minister

BRASILIA, April 8 (Reuters) - The equilibrium level for Brazil's exchange rate is probably around 4.50 reais per dollar, Economy Minister Paulo Guedes said on Thursday, adding that he expects the currency to strengthen in the coming months having overshot to the downside.

Speaking in a live online event hosted by Brazilian-American Chamber of Commerce, Guedes also said he expects inflation to start coming back down again in the next few months, and the economy to bounce back strongly in the second half of the year.

($1 = 5.57 reais) (Reporting by Jamie McGeever)