Sunday, October 2, 2022

Central Bank awarded ‘Lelic’ for $652 billion

Market sources don’t deny that The BCRA this week decides a new hike in its reference interest rate, in line with the expected acceleration of inflation in July, will be reported on Thursday.

Important Exams for Sergio Massa

On the other hand, Treasury Will Try to Renew Debt Maturity for About $2.4 TrillionIn what will be the first crucial test of Economy Minister Sergio Massa, who together with Finance Secretary, Eduardo Setti finalize the details of this debt swap.

The titles sought to be renewed expire in August, September and October. provides treasure Three double bonds maturing between June and September 2023 are tied to the maximum variation between inflation (+2%) or official devaluationHence the investor will get the best result between both the coverage options in Peso.

Sergio Massa estimated last week that he had already achieved a 60% participation commitment, a level that is expected to come mostly from ANSES and public sector banks.

Central banks bought $.2 trillion in CER titles since they began in June and public bodies this Monday part of seven papers that the economy will accept in exchange for double titles.A sign that they will interfere with the exchange.

The biggest test will be the participation of the private sector, mainly banks, with 17% stake. Three entities considered the proposal “attractive”. The advisory said the incentives to enter are the terms of coverage and bonds against inflation and potential devaluation, which expire before PASO.

On the other hand, banks favor that they are not counted as assets in foreign currency.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news
- Advertisement -