Meirelles confident of Brazil’s resilience

“When this process began, the central bank was long in dollars in the futures market by $25 billion. So we were able to provide liquidity into the market” Henrique Meirelles

Brazil’s tough regulatory environment should help safeguard the country from the worst of the international financial crisis, says central bank president Henrique Meirelles. In an interview with Euromoney, he says that he believes Brazil’s financial system is well equipped to deal with the fallout from the global downturn as the government and central bank batten down the hatches.