Brazil central bank faces contradictions in global economy's 'new reality'


The Central Bank of Brazil (BCB) has continued to intervene in the foreign exchange (forex) markets to support the value of the real – despite comments from a deputy governor that the currency is probably shifting towards a ‘new normal'.

The central bank has intervened a number of times during the past two weeks, offering dollar-denominated swap contracts of up to $2 billion at a time. On one day last week, $1.376 billion was taken up by the market, according to the BCB.

The moves came in the wa

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: