Brazil's central bank to reduce domestic debt

BRAZIL - The focus in Brazil's financial troubles shifted on Thursday to domestic reaction to the government's measures to boost prices of domestic debt and reduce volatility in the price of mutual funds.

The central bank said it would buy back R$11bn (£2.2bn) in domestic government debt in the coming months and would swap long-term government bonds for shorter-term instruments.

It also increased the reserve requirements for commercial banks, which analysts say are designed to prevent potential

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