Central Bank President Cools Expectations for Dollar Credits: “We Don’t Expect a Boom”
12 Articles
12 Articles
Santiago Bausili responded to criticisms about releasing foreign exchange loans to companies that do not generate them: "The entire financial system knows the risk of barefooting."He hopes that banks will better remunerate dollar deposits from savers.
The Central Bank of the Argentine Republic (BCRA) officialized the "little letter" of the new dollar credits announced by the national government last week. By means of Communication "A" 8467, the monetary authority established the requirements and guidelines for legal persons that do not generate foreign exchange income to access this type of...
Santiago Bausili, president of the Central Bank of the Argentine Republic (BCRA), said this Tuesday that he does not expect a "boom" of dollar loans for companies and predicted that August inflation will be less than 1.9%. The holder of the monetary institution participated virtually in a talk organized by FIEL. "What we are looking for is to add a degree of flexibility, but in a prudent context, where we are sure that we are not putting at risk…
This Wednesday, through Communication “A” 8467, the Central Bank regulated the conditions that extend access to dollar credits for companies in the country that do not generate foreign exchange. The measure seeks to strengthen productive financing, with flexibility of requirements. Thus, banks are allowed to allocate 15 percent of their deposits in foreign currency to loans for legal persons that are not included among borrowers linked to foreig…
Santiago Bausili said the measure seeks to provide flexibility to sectors such as construction without compromising the stability of the financial system.
The president of the Central Bank of the Argentine Republic (BCRA), Santiago Bausili, defended the dollar credits for the companies. "We do it in a very prudent context," he said this Wednesday, noting that they do not put at risk "any of the elements" that led to "the crisis of 2001." "What we seek here is to add a degree of flexibility, but doing so in a very prudent context, where we are sure that we are not putting at risk any of the element…
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
