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The Bcra Keeps Its Intervention in the Interest Rate, but Now “Tests” to Fix a Lower Floor
Summary by Ámbito
2 Articles
2 Articles
An important decision yesterday of the BCRA served to partly recompose the wounds in the financial market: it decided to lower the rate to which it collects weights in "simultaneous" from 45% to 40% per year, which triggered an increase of 1% immediately in the weight papers (Lecap and Boncap).In the run-up to the debt tender, the short section of the weight curve is the one that had the highest, with monthly effective rates now around 4.6%.What…
·Argentina
Read Full ArticleOn the second day after the legislative elections in the province of Buenos Aires, the Central continues with its firm presence in the "simultaneous" BYMA. Now it does so with a rate of 40%. What does it mean?
·Argentina
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