Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.100

+15.5%

Nov 11 3:59 PM EST

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To: Steve Fancy who wrote (7720)	9/10/1998 12:04:00 PM
From: Steve Fancy	Read Replies (2) of 22640

Brazil reacting appropriately to contagion-IMF Reuters, Thursday, September 10, 1998 at 11:36 WASHINGTON, Sept 10 (Reuters) - Brazil has so far reacted in an appropriate fashion to problems caused in part by contagion from other emerging markets, IMF First Deputy Managing Director Stanley Fischer said on Thursday. "I think it is very important that Brazil move on monetary policies very decisively," Fischer told reporters. "I think they are reacting appropriately." Fischer had said earlier that contagion to places like Latin America was not justified either by economic fundamentals or by the policies being followed by governments there. 898-8383, washington.economic.newsroom@reuters.com)) Copyright 1998, Reuters News Service

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