BRASILIA (Reuters) – The Central Bank’s Financial Stability Committee said after a meeting on Thursday that it is attentive to recent developments in the international scenario and remains prepared to act to minimize any “disproportionate” contamination on local asset prices, in particular the exchange rate.
In a note, Comef said, however, that it considers that, given the reduced foreign exchange exposure and dependence on external financing of the national financial system, its exposure to the effects of international geopolitical tensions is low.
“The Committee considers that the financial system is prepared to face the materialization of possible risks. The credit portfolio continues to perform well, provisions for credit losses are adequate and banks remain liquid and well capitalized,” said the committee.
(By Isabel Versiani and Marcela Ayres)
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