Brazil is ready for a reduction in stimulus measures in the US economy.
The statement was made by President Dilma Rousseff before the Federal Reserve (Fed), the central bank of the United States, confirmed later this afternoon the reduction of economic support; "There will, in fact, be this moment of exiting the expansionary monetary policy in the United States, but Brazil has never been so prepared," said Dilma.
Yara Aquino
Reporter from Agência Brasil
Brasilia – President Dilma Rousseff said on Wednesday, the 18th, that Brazil is prepared for the reduction of financial incentives in the US economy by the Federal Reserve (Fed), the central bank of the United States. She made the comments before the US monetary authority confirmed, later that afternoon (Brasilia time), the reduction in economic support.
"There will, in fact, be this moment of exiting the expansionary monetary policy in the United States, but Brazil has never been so prepared. We are no longer in that phase where people used to say: 'If you sneeze in the United States, you'll get pneumonia in Brazil,'" he said in an interview with radio stations Jornal AM and JC News FM, in Pernambuco.
"The Central Bank is prepared and attentive to this fact," he added, explaining that Brazil has a solid foundation because inflation is under control, unemployment is low, and the country has high financial reserves.
The president recalled that, months ago, when discussions about reducing incentives began in the United States, there was turbulence in the economies of several countries. "They started talking about it and it caused market turbulence: the dollar rose and all international currencies devalued. We are extremely prepared for this," she assured.
The Federal Reserve's Monetary Policy Committee resumed a two-day meeting in Washington today and announced at the end that it will reduce its support for the U.S. economy from $85 billion a month to $75 billion a month, following high global expectations.