09 March 2020 – Undertook spot market operations

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Financial markets and monetary policy
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Banco Central do Brasil sold $3 billion in the spot market to arrest the decline in exchange rates.
Full details here: https://www.nasdaq.com/articles/brazil-stocks-plunge-10-central-bank-intervenes-in-fx-to-support-real-2020-03-09