Brazil Moves to Calm Markets After ‘Confusing’ Rate Decision

Brazil is stepping up efforts to ease investor concerns after a confusing central bank decision, with the Treasury canceling a scheduled domestic bond auction and the monetary authority moving to...

By Giovanna Bellotti Azevedo, Felipe Saturnino, Leda Alvim · Bloomberg Markets

Brazil is stepping up efforts to ease investor concerns after a confusing central bank decision, with the Treasury canceling a scheduled domestic bond auction and the monetary authority moving to inject liquidity into the spot currency market as local rates sell off.