More than 200 people participate in the virtual meeting, mostly representatives of financial entities. The meeting takes place a few hours after announcing measures that seek to absorb more weights of the market, contain the exchange pressure and sustain the inflationary deceleration in the previous electoral.
In the middle of a new reinforcement of the monetary tourniquete in the face of the extreme volatility of the ratesthe Central Bank (BCRA) maintains this afternoon a virtual meeting with representatives of the main cameras and financial entities, confirmed sources from the financial sector to Scope. The meeting takes place a few hours after the monetary authority announced measures that seek to absorb more weights of the market, contain the exchange pressure and sustain the inflationary deceleration in the previous electoral.
According to sources in the sector, they participate in the virtual meeting More than 200 peoplemostly representatives of financial entities. From the BCRA, they seek to detail the technical implementation of the normative change, since it is a complex regulation, which will enter into force on Monday, August 18.
The Government seeks to prevent the non -renewed weights in Wednesday’s tender on the dollar and launched a Extraordinary debt tenderin order to absorb the liquidity surplus.
At the same time, the BCRA decided to change some regulations in order to harden the lace system that weighs on the banking systemwith changes that will govern from next Monday, August 18 and that will directly impact liquidity. The measure, formalized through communication “A” 8302, also reinforces Control over the net global foreign currency position of the entities.
The new regulations arrive in a scenario marked by high interest rates, market volatility and an official strategy focused on restricting the circulation of weights to moderate the expectations of devaluation and inflation. With the new frame, the BCRA seeks not only to calm the exchange front, but also Encourage banks to turn to the subscription of official instruments designed for this purpose.
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Source: Ambito
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