The BCRA, also reported that (in real terms and adjusted for seasonality) the means of payment would have remained practically unchanged compared to November. Time deposits in pesos would have exhibited a new contraction in real terms in the month.
The fixed terms of the private sector contracted 1.8% on a monthly basis, while the fixed terms UVA of the private sector decreased 0.2%.
As for loans in pesos to the private sector, they presented a real expansion of 1.9% in December, their fourth consecutive rise. Commercial lines and pledges stood out particularly.
“The increase in financing with a productive destination was once again generalized by type of debtor (MSMEs and large companies). Loans to the private sector ended the year with a contraction at constant prices of 4.1% and would have been positioned at 7, 5% of GDP in December “, indicated the BCRA.
In the foreign currency segment, the average balance of private sector deposits registered a contraction of US $ 640 million compared to November.
Finally, the BCRA’s International Reserves ended December with a balance of US $ 39,582 million, reflecting a decrease of US $ 1,947 million compared to the end of November
Source From: Ambito
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