Brazil will add reserves while liquidity high

Brazil's policy of increasing foreign reserves should continue as long as global imbalances support a steady flow of dollars into the country, central bank director Paulo Vieira da Cunha told analysts in New York.

"I don't think we will be building up reserves for 10 years ... but we are comfortable with our policy right now," Vieira da Cunha, who heads the international affairs department at the central bank, told analysts.

He explained that Brazil, like many other countries, keeps intervening