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President Dilma Rousseff described the conflict in the Gaza Strip as a "massacre", according to local media reports.
"The central bank decided to adopt measures to improve the distribution of liquidity in the economy," a statement said.
Agreements signed include a deal that will see Brazilian company Embraer sell 60 E-190 jets to China.
"We don't have the slightest interest in renouncing" the IMF, Rousseff told reporters in Brasilia.
Leaders of the BRICS met with South American leaders Wednesday at the 6th BRICS Summit in Brasília.
Leaders have discussed possibilities of BRICS investment in infrastructure projects across Latin America.
The Chinese President said BRICS need to work to improve economic governance at a global level.
The announcement was made after a plenary meet of the five BRICS heads of state in Fortaleza on Tuesday.
BRICS will launch a new development Bank during the plenary session today.
The five BRICS Trade Ministers met in Fortaleza on Monday ahead of the BRICS Leaders Summit.