Central Bank monitoring Brexit effects on Brazilian market

In a statement, the organization says it will take the appropriate

Published in 24/06/2016 - 12:47 By Kelly Oliveira reports from Agência Brasil - Brasília

Brazil's Central Bank (BC) said Friday (Jun. 24) that it is continuously monitoring the global and domestic markets for the effects of the Brexit referendum that resulted in a popular vote for the United Kingdom to leave the European Union.

In a statement, the BC said it will take the appropriate steps to maintain Brazil's financial and exchange markets operating normally. “The Brazilian economy has robust foundations to face up to the effects of this process, [including] a significant amount of international reserves, a floating exchange rate, and a sound financial system with low international exposure,” the statement read.


Translated by Mayra Borges


Fonte: Central Bank monitoring Brexit effects on Brazilian market

Edition: Nádia Franco / Augusto Queiroz

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