diff --git a/src/DocBlock/DescriptionFactory.php b/src/DocBlock/DescriptionFactory.php
index 6915c16f..7067626d 100644
--- a/src/DocBlock/DescriptionFactory.php
+++ b/src/DocBlock/DescriptionFactory.php
@@ -115,6 +115,10 @@ private function lex(string $contents): array
                             # Notice that this also matches "{}", as a way to later introduce it as an escape sequence.
                             \{(?1)?\}
                             |
+                            # Match a balanced pair of braces that is not an inline tag, e.g. "{braces}" used as part
+                            # of the description of a surrounding inline tag.
+                            \{[^{}]*\}
+                            |
                             # Make sure we match hanging "{".
                             \{
                         )
diff --git a/tests/unit/DocBlock/DescriptionFactoryTest.php b/tests/unit/DocBlock/DescriptionFactoryTest.php
index 6b087ee9..b9ece642 100644
--- a/tests/unit/DocBlock/DescriptionFactoryTest.php
+++ b/tests/unit/DocBlock/DescriptionFactoryTest.php
@@ -125,6 +125,33 @@ public function testDescriptionCanParseAStringStartingWithInlineTag(): void
         $this->assertSame($contents, $description->render());
     }
 
+    /**
+     * @uses \phpDocumentor\Reflection\DocBlock\Description
+     * @uses \phpDocumentor\Reflection\DocBlock\Tags\Link
+     * @uses \phpDocumentor\Reflection\DocBlock\Tags\BaseTag
+     * @uses \phpDocumentor\Reflection\DocBlock\Tags\Formatter\PassthroughFormatter
+     * @uses \phpDocumentor\Reflection\Types\Context
+     *
+     * @covers ::__construct
+     * @covers ::create
+     */
+    public function testDescriptionCanParseStringWithInlineTagContainingBalancedBraces(): void
+    {
+        $contents   = 'This description has a {@link http://phpdoc.org/ This contains {braces}} in it.';
+        $context    = new Context('');
+        $tagFactory = m::mock(TagFactory::class);
+        $tagFactory->shouldReceive('create')
+            ->once()
+            ->with('@link http://phpdoc.org/ This contains {braces}', $context)
+            ->andReturn(new LinkTag('http://phpdoc.org/', new Description('This contains {braces}')));
+
+        $factory     = new DescriptionFactory($tagFactory);
+        $description = $factory->create($contents, $context);
+
+        $this->assertSame($contents, $description->render());
+        $this->assertSame('This description has a %1$s in it.', $description->getBodyTemplate());
+    }
+
     /**
      * @uses \phpDocumentor\Reflection\DocBlock\Description
      * @uses \phpDocumentor\Reflection\DocBlock\Tags\Link