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MercoPress, en Español

Montevideo, April 19th 2024 - 00:03 UTC

Tag: target

  • Wednesday, November 20th 2019 - 09:55 UTC

    Brazil's Real depreciating against the US dollar, but inflation remains below target

    Central bank chief, Roberto Campos Neto, said the exchange rate was not fueling inflation or inflation expectations, indicating that intervention was not imminent.

    Brazil’s Real is sliding toward an all-time low against the U.S. dollar, but the central bank appears in no rush to intervene to slow or even reverse the fall. Despite the Real’s historical weakness, the market is functioning smoothly: depreciation, so far, has been fairly orderly, volatility is low, liquidity has not dried up, and the Real is not the only emerging market currency under pressure.