US EditionThe Government Prioritized the Decline in Interest Rates and Did Not Renew Everything that Beats It
3 Articles
3 Articles
The government gave priority to promoting the strong decline in short-term rates - a strategy on which the Central Bank (BCRA) had already given signs yesterday and today in the morning - above renewing the totality of the debt in pesos that defeated it. This shows that it seeks to loosen the unprecedented monetary squeeze and confirms a change in the official strategy, which had also hinted at a less jealous stance regarding the movements shown…
In the first bid for debt since Sunday's defeat in the elections in the province of Buenos Aires, the government flipped and validated lower interest rates than in previous bids. However, it paid a considerable prize to refinance 91% of the dues. The pesos were its majority to Lecap that expire after the legislative ones of 26 October."The Finance Secretariat announces that in today's bid it awarded $6,633 billion having received offers for a to…
BCRA continues to intervene in BYMA's "simultaneous" and began to gradually lower the rate from which it absorbs weights: from 45% on Monday to 35% on Wednesday.
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