I would like to stress that monetary policy is separated from exchange rate policy. There is not a mechanical relationship between them, monetary policy...will not be used to control exchange rates.

Ilan Goldfajn

Categorized in : Company News

All instruments are valid, for now, it seems liquidity is needed through currency swaps. If the situation changes, if there is demand, we may use reserves.

Leading and coincident indicators suggest that the declining trend in economic activity may last longer - and be stronger - than we expected.