Central Bank of Brazil governor Ilan Goldfajn
- Says emerging markets are going through capital outflows
(ya think?)
- Expects current account surplus over the next 12 months
- Says inflation expectations are within targets
- Central bank will continue to offer liquidity through currency swaps, in coordination with Brazilian treasury
- Central bank may go beyond and use other instruments
- Monetary policy is separated from the exchange rate
- Bank has "no prejudice" with instruments to be used in the market
- Says COPOM interest rates decisions are taken only in its meetings that happen only every 45 days
- COPOM will analyze if conditions continue the same as in the last meeting
Earlier: Is Brazil the new Italy? It's worse. Currency and the stock market getting hit.