The Central Bank sold dollars for the second consecutive day

by time news

2023-04-27 18:38:00

In this way, the monetary authority, in charge of Miguel Pesceaccumulates purchases for around US$ 100 million.

“To date, payments for energy imports of the order of US$ 40 million were registered,” said the PR Corredores de Cambio analyst, Gustavo Quintana.

Market specialists pointed out that the new edition of the “soybean” dollar contributed close to 76 million dollars today.

The BCRA announced the rise in the interest rate due to the escalation of the dollar

The BCRA announced this afternoon the rise in the referential interest rate to 91% per year, from the current 81% for a week, to fully attack a strong inflationary escalation and devaluation pressure on the peso.

According to the statement, the entity decided today to raise the monetary policy rate by 1,000 basis points. In this way, the annual nominal interest rate of the 28-day Liquidity Bills (Leliq) increased to 91% (141% in effective annual terms, TEA).

“Simultaneously and in pursuit of promoting savings in pesos, the BCRA raised the guaranteed minimum interest rate and tripled the taxable amount on fixed terms of individuals, establishing the new floor at 91% per year for 30-day deposits up to $30 million (140.5% of TEA). For the rest of the time deposits of the private sector, the minimum guaranteed rate is established at 85.5% (128.5% of TEA)”, they added.

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