Central Bank records a negative result of R$ 120 billion in 2025
The Central Bank of Brazil reported a negative result of R$ 119.97 billion in 2025 due to the appreciation of the real against the dollar, which was fully covered by its reserve funds.
In 2025, the Central Bank of Brazil faced a significant negative outcome, reported at R$ 119.97 billion, primarily attributable to the strengthening of the Brazilian real against the US dollar. This financial shortfall was entirely offset by the bank's reserves, which are essentially a contingency fund used to absorb such losses. The financial statements reflecting this loss were approved recently by the National Monetary Council, composed of key financial ministers and the Central Bank president.
In contrast to the current year's results, the previous year, 2024, saw the Central Bank yield a profit of R$ 270.94 billion. Of this profit, a total of R$ 242.79 billion was allocated to the reserves, while R$ 28.16 billion was transferred to the National Treasury, bolstered by interest accrued until the transfer date. This mechanism shows how beneficial outcomes boost the government’s financial health and capacity to manage public debt effectively.
The implications of the Central Bank's financial results extend beyond just accounting figures—they play a vital role in fiscal stability. During periods of profit, funds are channeled to the treasury, enhancing governmental liquidity and helping manage public debt. However, a negative result emphasizes the vulnerabilities in currency valuation and can cause concerns regarding the effects of foreign exchange fluctuations on national financial stability.