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Brazil's economy 'resilient': Central bank

Published on Feb 19, 2014 1:15 AM
 

WASHINGTON (AFP) - Brazil's central bank chief said the country was proving resilient and measures to fight inflation were working, amid concern over turmoil in Latin America's largest economy.

Central Bank of Brazil Governor Alexandre Tombini also said he agreed with measures by advanced economies, notably the United States, to reel in their easy-money policies, noting that this was a sign of strengthening.

The US Federal Reserve's tapering of its stimulus, which has sent chills running through global financial markets, "is an indication that the largest economy in the world is gaining traction," Mr Tombini told reporters in a conference call.

"This is very good news for the global economy, for international trade, and for the emerging market economies."

 
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