RIO DE JANEIRO, BRAZIL - Herken said that this reaction of the BCP is the result of prospects of a further increase in the price of oil.
The bank sold US$70 million in the market last week and thus accumulates US$1.3 billion sold to date in 2021. "There is still an important international reserve of approximately US$9.6 billion," he added.
However, the analyst highlighted that the BCP is also trying to contain market inflation and lower it, considering that much of what is imported has become more expensive.
"By keeping the dollar lower, it is preventing . . .