The performance of the Brazilian currency this year is closely linked to the worldwide performance of the US dollar, stated Diogo Guillen, the Central Bank’s Director of Economic Policy, on Monday.
Guillen mentioned at an event organized by Warren Investimentos that the Central Bank does not detect any irregularities in the currency exchange in relation to fluctuations in the interest rate market and the stock exchange.
Guillen mentioned that BC’s approach to foreign exchange remains unchanged amid the U.S.-led tariff conflict, with a focus on addressing potential market disruptions that are not evident at present.
“We will only intervene in the exchange market if we detect any market dysfunction, which we have not seen so far,” he stated.
The mayor’s role is to aim for the inflation target and consider how prices are affected, including through exchange rates.
