Zhou, Meirelles attack QE2

flyingdollars

The governors of the Brazilian and Chinese central bank have criticised the Federal Reserve's $600 billion quantitative easing programme, fearing the stimulus measures may give rise to growing global imbalances.

Henrique Meirelles, the president of the Central Bank of Brazil, on Thursday said the Fed's programme will have "negative consequences" on countries like Brazil, and that the subsequent large capital inflows may create problems for the economy. "The quantitative easing creates excessive

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: