The Brazilian central bank will auction up to $4 billion in dollars via repurchase agreements on Wednesday and Thursday, focusing on rolling over contracts expiring on April 2.
The Brazilian central bank has declared its intention to conduct dollar auctions totaling up to $4 billion, utilizing a repurchase agreement structure. These auctions are scheduled for Wednesday and Thursday, with the bank potentially selling a maximum of $2 billion each day. Furthermore, the bank noted that these transactions are designed to renew contracts that are set to expire on April 2.
In summary, the Brazilian central bank will conduct dollar auctions totaling $4 billion through repurchase agreements, aimed at renewing expiring contracts. This strategic financial maneuver underscores the bank’s proactive approach to managing monetary policy and liquidity in the market.
Original Source: www.tradingview.com
