National Treasury

Fuatilia

Treasury repurchases bonds to curb rising interest rates

Brazil's National Treasury repurchased R$ 27.5 billion in public bonds on Monday (16) to curb surging future interest rates, driven by the war in Iran and rising oil prices. The operation, the largest since 2020, precedes the Copom meeting on the Selic rate, currently at 15% per year. Expectations point to a smaller rate cut.

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