Brazil currency slide not all justified by fundamentals – Central Bank president

Campos Neto said the Central Bank has large reserves and will continue to act as it sees fit.

RIO DE JANEIRO, BRAZIL - Brazil’s real has suffered more than other emerging currencies as investors adjust to changing liquidity conditions globally, but some of it has not been justified by economic fundamentals, Central Bank president Roberto Campos Neto said on Tuesday, March 2nd.

Speaking in a live online event hosted by Arko Advice and Empiricus on the day the central bank intervened in the market selling US$2 billion as the real hit a three-month low, Campos Neto said the Central Bank has large reserves and will continue to act as it sees fit . . .

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