Skip to content
Subscriber Only

Brazil’s Currency Intervention to Be Extended to Boost the Real

Brazil’s central bank will extend its currency intervention program as the government tries to support the real in an effort to fight above-target inflation.

The central bank has been selling swap contracts since August to provide currency hedge to investors in an effort that has helped the real gain more than any other major currency in the past six months. The program was scheduled to end June 30. Details of extension will be provided in due time, the central bank said in a statement on its website yesterday.