Brazil's fin min says Bevilaqua's exit was routine

The resignation of Brazilian central bank economic policy director Afonso Bevilaqua represented a routine change that won't alter the direction of policy at the institution, Finance Minister Guido Mantega said on Friday 2 March.

"This is a routine change," he said. "It's absolutely within the routine of what has happened at the central bank for some time."

Mantega denied the director's exit had any political motivations within the government related to recent criticisms of tight monetary policy

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