# Brazil's central bank has no exchange rate target, says director | MarketScreener

> Brazil's central bank director said the bank has no exchange rate target. The statement was reported by Reuters on February 21, 2025.

- Date: 2025-02-21 · published 2025-02-21T12:00:00.000Z
- Category: policy · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/26260-brazil-s-central-bank-has-no-exchange-rate-target-says-director-marketscreener
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Clarifying that the central bank does not target the exchange rate means currency moves will be driven by market forces, which keeps BRL volatility elevated for Brazilian commodity export pricing.

## Read by commodity

- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-11-30 | [Brazil Central Bank to ban self-custody stablecoins as BRL collapses against the USD](https://feedsoft.ai/events/27619-brazil-central-bank-to-ban-self-custody-stablecoins-as-brl-collapses-against.md) | +1.3% | +3.4% |
| USDBRL | 2024-06-07 | [Brazil Soy Prices: Tax Change Seen Making US More Competitive - Bloomberg](https://feedsoft.ai/events/29784-brazil-soy-prices-tax-change-seen-making-us-more-competitive-bloomberg.md) | +2.3% | +3.9% |
| USDBRL | 2024-12-19 | [Fed's hawkish tilt has emerging markets scurrying to save currencies](https://feedsoft.ai/events/27152-fed-s-hawkish-tilt-has-emerging-markets-scurrying-to-save-currencies.md) | -0.5% | -2.5% |
| USDBRL | 2022-07-21 | [Lula Advisers Draft Plans For More Aggressive Brazil FX Policy \| IBTimes](https://feedsoft.ai/events/40696-lula-advisers-draft-plans-for-more-aggressive-brazil-fx-policy-ibtimes.md) | -2.5% | -4.8% |
| USDBRL | 2026-09-01 | [US-China Tariffs Put Agriculture Back in the Trade Spotlight](https://feedsoft.ai/events/14557-us-china-tariffs-put-agriculture-back-in-the-trade-spotlight.md) | -1.9% | +1.0% |

## Sources

- marketscreener.com: https://www.marketscreener.com/news/latest/Brazil-s-central-bank-has-no-exchange-rate-target-says-director-49128195/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.