Brazilian President Dilma Rousseff complained to President Barack Obama on Monday that loose monetary policies in industrialized nations are harming emerging economies like her own.

Speaking after meeting Obama in the Oval Office, Rousseff said Europe and the US should move away from their overreliance on low interest rates.

The Brazilian leader told reporters that expansionist monetary policies in developed countries reduce the value of their currencies, "thus impairing emerging countries."

Rousseff's comments echoed those of leaders from other large emerging economies that have characterized the Federal Reserve's easy monetary policy, aimed at spurring weak US growth, as an implicit strategy to devalue the dollar.

Brazilian officials have also repeatedly complained that the Fed's easy monetary policy is having an outsize and harmful impact on their economy, fueling volatile capital flows into the country as investors seek higher yields.

Read more at the Wall Street Journal.

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