Brazil's Central Bank is currently assessing the recent devaluation of the real and discussing whether the foreign exchange market is functioning properly.

Gabriel Galipolo, a director at the central bank, mentioned that the institution is considering intervention if it determines that there is a malfunction in the exchange rate.

These comments were made during an event in Sao Paulo, highlighting the central bank's proactive approach in monitoring market conditions.

Policymakers are closely monitoring the situation to maintain stability in both the currency and the broader economy.