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Treasury and Central Bank to Act Together if Needed

BRAZIL
  • Brazil's Treasury works closely with the central bank, and if necessary, the two institutions will act together, Treasury Secretary Paulo Valle said during a press conference.
  • Treasury's strategy for public debt remains the same, Valle said
  • Market volatility is generated by the delay in the vote of precatorios bill in Congress.
    • First step to reduce volatility is to reduce bond offers and start doing buybacks, Valle added.

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