The day the Central Bank had to go out and sell $145 million to meet market demand, the blue dollar it closed this Tuesday unchanged at $377.
New in development
Due to the jump in inflation, the market now expects the central bank to raise forward rates
The Board of Directors of the Central Bank must decide this Thursday whether, after six months of keeping it unchanged, it will raise the monetary policy rate again, today set at 107% effective per annum. While yields still outpace inflation, the price increase in the first quarter of the year is behind it.
Before INDEC released its February CPI, which reported core inflation of 7.7% and a sharp jump in food prices, the organization headed by Miguel Pesce was reluctant to make any new adjustments which, while improving the attractiveness of peso instruments, especially bank placements with fixed term placements, have a strong impact on the level of activity. To know more.
The blue dollar closed unchanged on Tuesday
The blue dollar was unchanged this Tuesday and closed at $373 for buying and $377 for selling.
The official, meanwhile, ended up $208.75 for the sale and $200.75 for the purchase on Banco Nación’s boards.
Source: Clarin
