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Brazil: Ibovespa has the worst February in 22 years

February ended with a historic low for Ibovespa, the main index of the São Paulo Stock Exchange (B3).

The drop was 7.49%, at 104,000 points.

This is the worst mark ever registered in the month in 22 years.

Uncertainties in the global and domestic economic scenarios pulled Ibovespa down.

The index is the most important indicator of the average performance of the share prices negotiated on the B3.

With the arm wrestling between the government and the Central Bank (BC), the domestic situation worried investors, who fear some form of intervention in monetary policy.

In early February . . .

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