Wednesday , June 19 2019
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The central bank again lowered its rates



The central bank is willing to take advantage of good conditions that the exchange rate fluctuations, which so far led to an increase in the reference rate decline, began to analyze whether it widened its market intervention potential.

The entity yesterday approved the largest daily decrease in revenue from Liquidity leaflets (Leliq) for seven days, Overall, he auctioned the papers $ 160,000 million a the average rate of reduction is which is at 54.889%.

The decrease of these benchmark yields in the financial system was 0.75 points percentage of operation on Tuesday.

This is the first time they fall below the level 55% from the central He started his aggressive plan.

When 8 minutes to conclude negotiations in the currency, BCRA went out to buy again, though in a smaller volume because he won yesterday 20 million US dollars and not 50 million dollars, as I did.

This accrues the acquisitions U $ S510 million from the moment he returned to the square, he hit this month, thanks to the continuity of the green ticket under the band.

The dollar interrupted the beginning of the week at the wholesale site, dropped again and expanded gaps with lower end from an area without intervention, today it will be $ 37.86.


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