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The central bank again lowered rates



The central bank is ready to use the good conditions that the exchange rate variables that were created so far in January to reinforce the fall in the reference rate while it is starting to analyze whether it is expanding its intervention capacity on the market.

The company yesterday approved the biggest reduction in daily profits Liquidity Letters (Leliq) up to seven days. He auctioned the documents for the whole $ 160,000 million and. T. the average reduction rate is is located 54.889%.

The decline in these benchmarks in the financial system was 0.75 points Percentage of the operation on Tuesday.

This is the first time they are lower than 55% since Central He started his aggressive scheme.

When 8 minutes to close conversations the BCRA once again went out to buy, albeit to a lesser extent, because yesterday it got $ 20 million instead of $ 50 million as i did.

Thus it accumulates acquisitions U $ S510 Million since he returned this month to intervene in the square, allowing green tickets for continuity under the band.

At the wholesale site, the dollar stopped the beginning of the week, fell again and fell extended the gap with the lower end from the intervention zone, t that will be $ 37.86 today.


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