Zhou, Meirelles attack QE2


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

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