However, as of July, the broadcast accelerated, in the midst of the complicated socio-economic situation, the harsh defeat of the ruling party in the PASO and internal criticism from sectors of the Government for an alleged policy of “adjustment” by the Minister of Economy, Martín Guzmán.
In this stage, the BCRA has been absorbing a good part of these pesos through the placement of Leliqs and Passive Passes, the two remunerated liabilities used by the entity led by Miguel Pesce to counteract the effect of the monetary issue on the demand for dollars and inflation.
As a result, the stock of these remunerated liabilities jumped sharply in recent months, a situation that raises some alarms due to its high level in historical terms.
In a statement issued this Friday in the framework of progress in the debt negotiations, the International Monetary Fund (IMF) argued that “addressing persistent and high inflation requires a multiple approach that implies a reduction in monetary financing of the fiscal deficit, an adequate monetary policy with positive real interest rates and a coordination of prices and wages “.
In recent months, the Treasury’s debt in pesos reduced its weight compared to the monetary issue, although the last tenders showed some improvement. To attract investor demand Economy will offer this Monday a new wide basket of securities in local currency, both at a fixed rate and indexed to inflation and the exchange rate.
Source From: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
