The rise affects paid lace. In parallel, from the claim of the financial sector, the monetary authority lowered the percentage of “cash” of accounts in sight.
As advanced scope, The Central Bank (BCRA) rose again the percentage of paid lace that banks must allocate their deposits. However, it will allow financial institutions to integrate these lace through the titles in pesos that the Treasury will place in the tender on Wednesday.
BCRA sources detailed to this medium that, As of September 1, they will rise at 3.5 percentage points Remunerated lace, both for tanks in sight and for fixed deadlines and common investment funds Money Market.
This additional percentage will be Integrable with letters and bonds more than 60 days acquired in the next tender Primary debt in pesos. In this way, the Government, in coordination with the central, seeks to reduce the volatility of interest rates and at the same time increase treasure financing.
“The BCRA sets the regulation and monetary policy so that banking liquidity finances the Treasury. It does so Looking at debt matches and exchange ratethat today rose despite the rates and the strong intervention in futures, “said Gabriel Caamaño, director of the Outlier consultant.
Minutes before this news, the Ministry of Finance, led by Pablo Quirno, announced the titles that will be made available to investors on Wednesday. On this occasion, they will be placed Lecapsbonds tied to the evolution of the dollar (Dollar Linked) and instruments adjustable by the rate Tamarcorresponding to the fixed wholesale deadlines.
The BCRA attended some claims of the banks and seeks to reduce the volatility of the rates
Besides, The requirements of cash lace will be reduced by 2 percentagewhich will also be integrable in the tender. From the BCRA they explained that this point was the result of the Attention to the claims made by the banks In the last meetings after the volatility generated with the change of monetary policy.
This volatility recently caused a Great jump in interest rateswhich put a risk to credit, key engine of economic recovery in 2024.
One of the clearest examples of this dynamic was provided by the Cautionswhose A day performance climbed above 80% This Monday.
Source: Ambito
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