While the attention was still concentrated in the US, the Central Bank took another step to normalize the economy. During Wednesday’s wheel, he accelerated the decline in short -term rates and took them to 25%. In this way, the exchange rate fell below $ 1,350 and returned to levels prior to the legislative election in the province of Buenos Aires.
The BCRA lowered the rates
The monetary authority reduced at 10 percentage points (PP) Your takeover posture in the passive passes On one day from the simultaneous wheels of Byma. This generated a cut in other short -term instruments such as Caóción, whose return to one day descended to 22%.
It is worth remembering that these returns came to be about 80% at the beginning of the month, in a context of strong financial volatility and growing pressure on the exchange rate. The level of this day is more in line with the average prior to the disarmament of the Lefis.
From the Consultant 1816 They pointed out in a report that the government could Take advantage of the positive change in the market conditions generated from the US support to the libertarian economic program to lower rateswhich are already below the 29% that the Lefis paid, or to contain (and/or lower) the spot.
Did the treasure buy dollars?
At the same time, the Wholesale dollar continued with its downward trend and fell to a minimum of one month. At the same time, market sources warned that this situation was used by The treasure to buy currencies in the Mulc.
City operators, they stressed that although it cannot be confirmed that the Caputo team has come out to acquire currencies in the Mulc, they consider that “it probably happened at the beginning of the day when the spot was below $ 1,350. “Movements were seen yesterday (Tuesday) and today (Wednesday) near that price,” they trusted this medium. In fact, the amount that the economic team would have acquired on Wednesday, after the Milei meeting with Trump and the consequent fall of the dollar contribution, would be $ 100 million, according to rumors that ran in the City.
In that framework, the other relevant quotes of the dollar indicated that it was achieved in the National Bank to $ 1,360, while within the parallels, the MEP lost 2.5% to $ 1,369.47, the CCL 1.7% fell to $ 1,391.27 (they had started with much more pronounced losses), while the Blue It was located at $ 1,405. In the segment retailaccording to the average of the banking entities that the BCRA performs, The dollar was achieved to $ 1,312, 41 for the purchase and $ 1,367.85 for sale.
However, the Central Bank and the Ministry of Economy re -normalize the variables, which had been stressed by the strong exchange demand in the last two months.
Source: Ambito
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