March 1, 2012 / 3:51 PM / 5 years ago

Brazil blames "monetary tsunami" for rising real

SAO PAULO, March 1 (Reuters) - Brazilian President Dilma Rousseff on Thursday blamed a "tsunami" of expansionary monetary policy in the rich world for the sharp appreciation of her country's currency.

The Brazilian government on Thursday took new steps to tame the rally of the real by extending a tax to overseas loans with longer maturities. (Reporting by Brian Winter; Editing by James Dalgleish)

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