Brazil capital control unlikely to slow real’s rise

sao-paolo

Analysts are largely unconvinced that Brazil's capital control will have the desired effect despite its immediate impact.

Brazil's finance ministry on Monday evening imposed a 2% levy on dollar inflows used to buy fixed-income securities and stocks in a bid to halt the real's appreciation against the dollar. The move is also thought to have been made to temper the rise in stock prices. The real has risen by 36% against the dollar this year on the back of the strong performance of the Brazilian e

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