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Brazil cenbank says monitoring Argentina's situation
January 24, 2014 / 1:36 PM / 4 years ago

Brazil cenbank says monitoring Argentina's situation

BRASILIA, Jan 24 (Reuters) - The Brazilian central bank is very closely monitoring economic developments in Argentina, a bank official said on Friday, a day after the neighboring country’s peso currency suffered its steepest daily decline in 12 years.

The bank’s deputy chief of economic research Fernando Rocha said the devaluation could have an effect on Brazil, but declined to elaborate.

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