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Brazil's central bank says forex intervention has worked
September 24, 2013 / 3:14 PM / 4 years ago

Brazil's central bank says forex intervention has worked

BRASILIA, Sept 24 (Reuters) - Brazil’s foreign exchange market intervention program has effectively reduced volatility for the Brazilian currency, central bank chief Alexandre Tombini said on Tuesday.

Tombini told lawmakers in a congressional hearing that the bank has no plans to reduce the scope of the $60 billion intervention program.

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