Brazil curbs capital inflows

Brazil_s Finance Minister said policy makers will continue to take measures to curb capital inflows that are causing ...

Brazil_s Finance Minister said policy makers will continue to take measures to curb capital inflows that are causing the real to strengthen. The government will continue with a policy of containing the strengthening of the real. Worry about inflation and not the exchange rate is wrong.

Guido Mantega said policy makers will continue to take measures to curb capital inflows that are causing the real to strengthen, adding that investors misinterpreted his comments about currency gains being inevitable.

_The government will continue with a policy of containing the strengthening of the real,_ Mantega said in an interview from Washington, where he is attending the Spring meetings of the International Monetary Fund. _This interpretation that now we are worried about inflation and not the exchange rate is wrong._

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