Fourth consecutive decline for the BCRA monetary policy rate

He central bank He made his usual bidding of Liquidity Letters on two tranches on Wednesday (Leliq), which determines the path of monetary policy.

The entity placed debt to banks for $ 239,655 million in the day, with an average yield of 83,205% annual.

This overall average rate got down by fourth wheel Consecutive: 26 basis points less than Tuesday. In the course of September the reference rate yields 59 basis points, and 271 points with respect to the historical maximum of September 10.

In front of maturities in the day for $ 223,385 million, the Central made a monetary absorption of just over $ 12.6 billion, discounting about $ 3,634 million for interest payments.

He Leliq stock rose to $ 1,126,960 million ($ 1.13 billion), equivalent to USD 19,939.1 million or 40% of international reserves, at USD 49,880 million on Tuesday, according to data subject to adjustment.

The BCRA encourages firmness of rates to remove pressure on the exchange rate and validates yields higher than 83% for the Leliq letters, against electronic fixed terms that yield returns higher than 60% in public entities, against annualized inflation close to 55 percent.