Tombini says Brazil is ready for ‘welcome' exit from UMP
Brazil's central bank has prepared for advanced economies' exit from unconventional policies "in a very classical way", governor Alexandre Tombini said in London today, adding that the expected "normalisation" of monetary policy is "a welcome sign that the advanced world is now in recovery".
Speaking to an audience at the London School of Economics, Tombini said the exit from exceptionally accommodative monetary policy – most notably the Federal Reserve's ‘tapering' of asset purchases which it
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