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Jose Gomes Neto

UPDATE 2-Brazil central bank to continue FX intervention as long as it takes to calm market

09 Mar 2020

SAO PAULO/BRASILIA, March 9 Brazil's central bank will continue intervening in the foreign exchange market using all tools at its disposal and in whatever size necessary to ensure the market functions smoothly, monetary policy director Bruno Serra said on Monday.

UPDATE 1-FX market nervous, recent moves large - Brazil economy minister

05 Mar 2020

SAO PAULO, March 5 Brazil's currency market is nervous and the real's fall recently has been large, Economy Minister Paulo Guedes said on Thursday, but there is no sign of capital flight and the increased demand for hedging from market participants is "absolutely normal."

UPDATE 1-Fitch says no guarantee of quick return to investment grade for Brazil

06 Feb 2020

SAO PAULO, Feb 6 Brazil's economy should continue to recover this year, but the potential for sub-2% growth persists and concern over the country's finances means a quick upgrade to an investment grade credit rating cannot be guaranteed, a senior director at Fitch Ratings said on Thursday.

UPDATE 1-Brazil's Campos Neto says low rates prompting early debt repayment, hitting real

28 Jan 2020

SAO PAULO, Jan 28 The Brazilian real's weakness is partly down to low interest rates prompting companies to pay down foreign debt early, central bank president Roberto Campos Neto said on Tuesday, adding that foreign investor outflows from Brazilian stocks reflect relative values rather than fundamental concerns.

UPDATE 1-Brazil central bank chief Campos Neto "comfortable" with inflation outlook

24 Jan 2020

BRASILIA, Jan 24 Brazil's economy is at a stage that requires caution on monetary policy, central bank president Roberto Campos Neto said on Friday, adding that he is "comfortable" with the inflation outlook.

Brazil on course for 2019 record FX outflow of over $43 bln

02 Jan 2020

SAO PAULO, Jan 2 Brazil posted a foreign exchange outflow of $16.1 billion in the first four weeks of December, central bank figures on Thursday showed, putting the country on track to post a record annual FX outflow last year of more than $43 billion.

UPDATE 3-Brazil central bank to continue FX intervention on Wednesday as real nears record low

27 Aug 2019

BRASILIA/SAO PAULO, Aug 27 The Brazilian central bank waded into the foreign exchange market on Tuesday in a rare sale of dollars on the spot market after the real slumped to its weakest level against the greenback in almost a year and within sight of its all-time low.

UPDATE 1-Brazil to sell dollars outright for first time since 2009

15 Aug 2019

SAO PAULO/BRASILIA, Aug 14 Brazil's central bank said on Wednesday it would sell dollars outright in the spot currency market this month for the first time in over a decade, changing its regular market operations in response to rising demand for liquidity.

Brazil markets on forex intervention alert as real slide accelerates

17 May 2019

BRASILIA/SAO PAULO The rapid acceleration of the Brazilian real's slide against the dollar this week has put traders on high alert for intervention from the central bank to stop the rot, although so far there is no sign the central bank has shown its hand.

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