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The central bank again reduced the rates

The central bank is ready to use the good conditions that the exchange rate variables generated so far in January, will intensify the fall in the reference rate, while it begins to analyze whether or not it has expanded its market intervention power.

The entity yesterday approved the biggest daily decrease in yields Letters of liquidity (Lelik) up to seven days. He offered an auction of documents for a total $ 160 million and the average reduction rate is which is at 54.889%.

The decrease in these reference yields in the financial system was 0.75 points percentage of the operation on Tuesday.

It's the first time they fall under 55% of Central He started his aggressive scheme.

When 8 minutes to close the negotiations in exchange currency, on BCRA came out again to buy, although to a lesser extent, because yesterday bought it $ 20 million, not $ 50 million, as I did.

Thus, it accumulates acquisitions In the $ S510 million because he returned to intervene this month on the square, enabled by the continuity of the green ticket beneath the band.

The dollar broke the start of the week in a big place, dropped again and widen the gap with the lower end in the field of non-intervention, which today will be $ 37.86.

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