US EditionImpact on Savers: Why Fixed-Term Returns, Wallets, and Investment Funds Fall
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On Thursday, July 10, it marked the end of the Fiscal Letters of Liquidity (Lefi), the instrument that the Treasury had used to absorb short-term weights through the banks. Its maturity implied the release of almost $10 billion, a figure equivalent to 33% of the fixed-term deposits in private sector pesos. The elimination of this instrument immediately impacted: the rate of one-day savings fell from 24% annually to 21%, anticipating a generalize…
·Argentina
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