Article Image
News Link • Economy - International

Brazil complains to US about monetary policy


Brazilian President Dilma Rousseff has complained about US monetary policy and expressed concern that sanctions against Iran could backfire in a meeting with President Barack Obama.

Rousseff said low interest rates and other expansionist policies in wealthy nations have created an excess of global liquidity, which in turn has the unintended effect of damaging growth in poorer countries such as Brazil.

She also raised concerns with Obama that sanctions against Iran could fuel tensions in the Middle East and cause a spike in oil prices, threatening the global economic recovery, sources told Reuters news agency on condition of anonymity.

Her comments on Monday punctuated a generally cordial White House visit that yielded some modest advances in cooperation on aviation and technology sharing, but also exposed clear differences on trade, economic policy and foreign affairs.

Join us on our Social Networks:


Share this page with your friends on your favorite social network: