Brazil minister calls for relaxed monetary policy

Brazil's Development, Trade and Industry Minister Luiz Fernando Furlan criticised the central bank's conservative monetary policy and expressed concerns over the impact on the economy of the strengthening of the real against the dollar, AFX News said.

The leader of the ruling Workers Party in the senate, Aloizio Mercadante, also said the strong real could hit Brazil's trade surplus and suggested that the government buy dollars in the spot market to rebuild its reserves.

Both called on the centr

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