The main reason is April is the second biggest month for inflows into stocks after January.
The aim was to reassure investors, and so prompt capital inflows and lower interest rates.
Other governments face a tougher choice as inflows spark inflation that makes rate cuts riskier.
There is a growth story, of course, and capital market activity that supports more currency inflows.
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As a result, dollar inflows rose 140% so far this year, Mantega said last week.
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The last time inflows over a comparable period were higher was Dec. 08-Feb. 09.
He says that China has to create an outflow of dollars to offset the big inflows.
Prudential controls on capital inflows certainly make sense, particularly when domestic banks are weak.
But capital inflows help to make the real stronger, which is hard on exporters.
Kudrin argued that Russia would see significant hot money inflows in 2011, and he was right.
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Mr Eichengreen, for instance, wants emerging economies to discourage short-term capital inflows to minimise exchange-rate volatility.
Most of the recent bounty of inflows in Brazil has its origin from offshore banking.
"Inflows were very good, it will likely be our best January ever, " CEO Ennio Doris said.
Inflows into emerging market equity funds were muted in the last week despite the rally.
He said capital inflows would be "more or less" adequate to cover the current account gap.
But in resisting open inflows it is in company with most of the world, including Asia.
And it seems likely that large capital inflows contributed to the overvaluation of Western assets.
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In an ideal world I suppose Russia would enjoy robust private sector capital inflows.
Chile was trying to deter short-term capital inflows in the early 1990s, for example.
Any problem with Spanish headquarters could, in a worst case scenario, reduce inflows into Brazil.
Further, there were fewer capital inflows into the country in 2012 than 2011, he continued.
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There, high returns lead to inflows of assets from investors, which boost the management firm's profits.
This matters, since aid inflows are equivalent to about half of the government's budget.
Warnock says the estimate is based on faulty data about foreign inflows of capital.
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Mr. Hong: The bonds of safe-haven markets will benefit from flight to quality inflows.
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Notably, both EM local currency funds and EM dollar funds received inflows again last week.
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Capital inflows picked up too, though they were already running at an alarmingly high level.
For now, credit inflows remain strong and most new deals are well-supported, Mr. Reade said.
On the other hand, some of the initial ebb would be offset by foreign inflows.
Sterilization in economic terms means a Central Bank is spending time and treasure managing capital inflows.
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