20 March 2020 – Established criteria for conducting repurchase operations in foreign currency

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 established criteria for conducting repurchase operations in foreign currency, eligible bonds to be accepted as collateral are external federal public debt securities (Global Bonds) with a haircut of 10%.
Full details here: https://www.bcb.gov.br/en/pressdetail/2319/nota