US EditionThe Central Bank Supports the Intervention, Despite the Fact that the Treasury Managed to Absorb Pesos
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6 Articles
The entity justified the measure as control of the excess liquidity. Economy Minister Luis Caputo went out to justify the high rates that the monetary authority validated. Read more
The official dollar remained almost unchanged this Wednesday, pressed downward by the intervention of the Central Bank (BCRA) in the short future contracts and the return of Passive Passes to capture the liquidity of the banks. In the wholesale segment, which is the market reference, the dollar was sold at $1,261 per unit, $1 above the previous closing. In turn, the official retail dollar quoted $1,232.60 for purchase and $1,278.62 for sale on t…
The presence of the Argentine Central Bank (BCRA) to sustain the rates in pesos after the elimination of the LeFi, letters of reference for the monetary policy during the last year, aroused questions within the market this week.From the Argentine monetary authority they explained to Bloomberg Line that the operations carried out were aimed at dissipating potential imbalances, while they anticipated that the intervention will continue to the exte…
Lefi's exchange for Lecaps failed, $10 billion was released and Caputo must have explained the chaos: the BCRA reacted with passes and an urgent tender.
The extinction of the Fiscal Letters of Liquidity (LEFI) caused another volatile day that forced the BCRA to go out to aspirate pesos with passes at rates that varied between 36% and 37% per year.The titles in pesos immediately plummeted by the strong rise of yields and the dollar yielded to $ 1280.The objective was to deactivate the increasing transfer of pesos to the dollar in a liquid hypermarket.Durning to tame the country risk will be key f…
The new monetary policy brought a headache to the government, which had to issue a large amount of pesos and resume paid liabilities.
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