Brazil Defends Monetary Policy with IMF

By Ben Tavener, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – The president of Brazil’s Banco Central (Central Bank, BC) Alexandre Tombini has signaled that Brazil will continue to defend itself from short-term capital flows that threaten to destabilize its economy and its attempts to reduce inflation. The strategy is a reaction to stimulus measures being implemented by advanced economies, particularly quantitative easing (QE).

“We have the conditions to protect . . .

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