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Brazil says did not set trading range for currency
November 22, 2012 / 1:00 PM / 5 years ago

Brazil says did not set trading range for currency

BRASILIA, Nov 22 (Reuters) - Brazil’s central bank has not set any trading range for its currency, but is always ready to intervene in foreign exchange markets to avoid speculation, central bank president Alexandre Tombini said in a Congress hearing on Thursday.

Tombini added that inflation is under control, though the monetary authority will remain vigilant on price rises.

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