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“We do have some diversification and criteria to diversify a portion of our reserves that are not used for hedges” |
“When I took over as central bank governor, Brazil had annualized inflation of 30%, high interest rates, minimal reserves and a weak currency. There was no fixed-income issuance and there have been times when we felt under siege for being too conservative. Now it’s all euphoria.”
The role of Henrique Meirelles has indeed changed, and fast.
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