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Short-Term Interest Rates Rise and Long-Term Rates Fall on a Day of Weak Liquidity.
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Buenos Aires, 30 December (NA) — The interest rates in pesos recorded a strong jump in operations to one day on Monday, reaching 140% nominal annual, in an abrupt movement that concentrated on the closing of the financial day. According to the Argentine News Agency, according to market data, the rate -which for much of the day remained at relatively stable levels - showed an extreme rise in the last operations, with a daily increase of 677.78%, …
The shorter end of the yield curve suffered from another session of dollar appreciation against the real, which makes analysts less optimistic about a cycle of Selic rate cuts.
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