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Brazil central bank chief resists using new QE powers

Campos Neto says he will not employ measures until traditional tools have been exhausted

Brazil’s central bank chief says that newly granted quantitative easing powers are intended more for “market stabilisation and not an alternative form of monetary policy”. “We still think we have monetary space on the traditional policy. If you start using unconventional policy before you exhaust the conventional policy, you create noise that makes the central…

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