Central Bank of Brazil extends swap auctions

tombini
Central Bank of Brazil governor, Alexandre Tombini

The Central Bank of Brazil has extended its currency intervention programme for another three months, but at half its previous size.

According to a statement released on December 30, the central bank will offer $100 million in foreign exchange auctions each weekday between now and March 31 at least.

In 2014, the central bank offered $200 million a day, which itself was a reduction from the $500 million offered each day between August and December in 2013.

The programme was initially launched in

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