Sunday, August 14, 2022

Fixed terms: How are rates after strong growth moderated by Central Bank

Minimum Guaranteed Rate for Private Sector Balance Fixed Deposits is set at 54%, which represents 69.6% of tea.

The economy faces increased price volatility in the context of financial volatility unrelated to the country’s macroeconomic fundamentals.

In line with the objectives and plans for 2022, the Monetary Authority considers it necessary to accelerate the process of normalizing the policy rate and the interest rate structure of the rest of the economy in order to bring them to a realistically positive ground, so as to contribute to conservation Can you Financial and exchange stability. The BCRA expects these actions to lead to a steady decline in inflation.

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In recent weeks, efforts have been intensified to coordinate with the Ministry of National Economy with the aim of establishing a financial strategy that would make it possible to progressively reduce monetary financing to the Treasury.

Within this coordination, the establishment of an interest rate structure or “corridor” with reasonable spread between BCRA instruments (Leliq and Pass) and Treasury bills (LEDES) stands out.

The positive results of the latest auctions of debt instruments in pesos in terms of net financing reinforce the outlook for the declining stock of remuneration liabilities of BCRA in terms of GDP.

The BCRA will continue to examine the policy interest rate within the framework of the ongoing monetary policy normalization process, paying particular attention to past and potential developments in general levels of prices and foreign exchange market dynamics.

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