Tombini Says Brazil Needs Macro Prudential Policies
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Brazil’s central bank President Alexandre Tombini said policy makers need to put in place “sound, macro prudential” policies to contain inflation and an “excessive” appreciation of the currency.
“We have to have an enlarged tool kit” to ensure monetary and financial stability amid excessive international liquidity, Tombini said today on a panel at the World Economic Forum in Davos, Switzerland. “We have to put in place sound, macro prudential policies as we’ve done.”