The deposits in pesos grew 2.6% in June and the dollars rose US $ 427 million, driven by higher purchases in the MULC, according to LCG.
Deposits in pesos increased 2.6% in June, after a May and April Less dynamic. While Dollar deposits also expanded againin this case with a growth of US $ 427 million compared to the previous month, which suggests an increase in savers’ purchases in the MULC, according to the consultant LCG.
As specified by the report, the highest growth in June was influenced by the payment of bonuses. Regarding the segment in pesos, lTerm deposits, increasing 5.2% real monthly and 53.4% against a year, were the ones that contributed the most to growthL (+2.4 points of the general variation).
“This may be showing higher real yield expectations in a context of disinflation, which makes the interest rate of interest in pesos offered more attractive,” LCG explained. For its part, View deposits increased slightly ( +0.5% real monthly, +7.3% real interannual), with An increase in savings boxes (+1.3% real monthly) and A fall in current accounts (-0.5% real monthly).
As to The remunerated accounts (which are the destination of the FCI) were almost constant regarding their level May (+0.5% real monthly). Against a year ago, they are the only ones that show a real decline (-32.8% a/a).
Dolk deposits expanded again
After a May with stability, Dollar deposits grow again, in this case US $ 427 million compared to the previous monthaccording to the same consultant what he suggests an increase in purchases of savers in the Mulc.
“This rebound in the demand for dollars could reflect A growing uncertainty about exchange stability, also evidenced in the rise of the official dollar and Rofex’s future contractsanticipating greater tensions in the prior to the elections. The deposit stock closed at US $30,842 million in June, “they contributed.
What is coming: market projections
For LCG, in the case of deposits in pesos, The monthly interest rate, even above inflation expectations (which remain down), will continue to drive their growth.
In turn, in the segment in dollars“The increase in foreign currencies will be determined by the offer that is generated via new debt placements (ONS) and the export sector itself that, due to seasonal issues and the advancement that led to the temporary decline of retentions, will be more modest in the coming months. The demand, in the period prior to the elections, will not be absent. “
Source: Ambito
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