Brazilian inflation quickened more than expected through mid-September, boosting expectations that the central bank will raise interest rates in the first half of 2011. Yields rose.
Brazil’s central bank set reserve requirements on short dollar positions held by local banks in its third attempt since October to stem a rally in the currency. The real fell for a third consecutive day.
"The central bank has been signaling it will keep intervening in the market to avoid volatility, and it seems too be willing to use all the weapons it has."
- Andre Perfeito on Aug 13, 2014