Brazil’s economic policy framework has been “well tested” over the last 10 years, and helped the country cope with the global economic and financial crisis of 2008, central bank president Alexandre Tombini said Friday.
“We have now in Brazil and in many countries in c a very well tested policy framework,” Mr. Tombini told a conference at the Brookings Institution in Washington.
In Brazil, that framework–based on inflation targeting, a free-floating exchange rate and declining public debt ratios–has “been tested in many different environments,” including the 2002 upheaval in Brazil and the 2008 world financial crisis, he said.
The framework “worked as an important benchmark for the country in terms of securing macro and financial stability,” Mr. Tombini said.
Source: http://blogs.wsj.com
“We have now in Brazil and in many countries in c a very well tested policy framework,” Mr. Tombini told a conference at the Brookings Institution in Washington.
In Brazil, that framework–based on inflation targeting, a free-floating exchange rate and declining public debt ratios–has “been tested in many different environments,” including the 2002 upheaval in Brazil and the 2008 world financial crisis, he said.
The framework “worked as an important benchmark for the country in terms of securing macro and financial stability,” Mr. Tombini said.
Source: http://blogs.wsj.com
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