Brazil confident it can stand 'first period of volatility' if Fed raises rates

Tuesday, September 8th 2015 - 08:54 UTC

Full article 1 comment

Brazil is well prepared to cope with any market volatility resulting from a U.S. interest rate rise, Finance Minister Joaquim Levy said on Monday. The minister told a meeting in Madrid that Brazil's banks were well capitalized and the country has large foreign exchange reserves. Read full article

Comments

Disclaimer & comment rules

ChrisR
What a shame.

This is the first time Levy has lied because I don't believe he is stupid.

You would have to be stupid to believe Brazil is ready for anything other than the biggest financial problems since “democracy” was re-instated due to the corruption scandal.

Wait and see is always a good motto at this point.
Sep 08th, 2015 - 04:50 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!