IMF Backs Latin American Measures to Ease Impact of Inflows

The International Monetary Fund said it supports measures that would ease the impact of capital flows into Latin America that have caused some of the region’s currencies to climb at the fastest pace in the world.

Brazil Central Banker Says Economy In Recovery

Brazil’s weak economy will be flexing its muscles heading into the second half and likely grow at 4 percent in annualized terms, Brazil’s Central Bank president Alexandre Tombini told reporters in a conference call on Monday.