Brasília, 3 (Agência Brasil - ABr) - The Central Bank has once again begun making daily market interventions. The policy consists of sales of dollars, either directly or by external lines of credit.
According to Luíz Fernando Figueiredo, director of Monetary Policy, the institution is ready to spend US$100 million daily this week, and US$50 million daily beginning on Monday, July 8, in the spot market.
Tthe bank will also issue bonds worth US$1.5 billion through external credit lines this month and effect a rollover operation on US$320 million in debt that falls due in July.
Figueiredo said the measures will create more liquidity on the market. He added that, in his opinion, the market is exaggeratedly anxious. (AB)