Central Bank of Brazil Intervenes As Real Crashes Near Record Lows

Posted on 08/30/2018


On August 30, 2018, the Central Bank of Brazil conducted a swap auction in the amount of US$ 1.5 billion. The central bank intervention is targeted to provide liquidity and smooth operations in the foreign exchange market. The central bank reiterated the “intensity and frequency of interventions will depend on the dynamics and dysfunctionality observed […]