the blue dollar closed this Wednesday at $472 raising by one weight compared to the previous day and the upward trend with which the week began is continuing. The official rose to $237.50.
New in development
Full-year inflation forecast already points to 140%
More and more advisors are lengthening their annual inflation projection. EcoGo, Equilibra, FIEL and C&T are some of those who have raised their estimates based on the increases of the last few weeks. Thus the election year and Alberto’s management would end with a Consumer Price Index (CPI) that could exceed 140%.
Last week, the Survey of Market Expectations (REM) estimated inflation at 126.4% for all of 2023. The projection is already sounding old, with an index for April due this Friday that will be above 7.5 %, according to private estimates. read more here
Who ends up paying the 91% annual rate on time deposits?
The leap of the blue dollar in the last month has been so dizzying as to overshadow even the significant increase in the interest rate on term deposits, which is the Central Bank’s reference rate for monetary policy.
Between 10 and 25 April, the blue dollar rose by 29.5% and swept away expectations both in terms of exchange rates and price rises. read more here
The “micro purchases” continue at the Central Bank: he ended up with 1 million dollars for his interventions on the market
The good news in the foreign exchange market is that, after a start to the month with high selling, the Central Bank stopped losing dollars as of Friday due to its intervention in the wholesale segment. The bad news: He was only able to buy $1 million this Wednesday, which adds up to $13 million in buys and maintains a $231 red since only the beginning of May.
Meanwhile, in the parallel market, the stability of the last few days seems to be severely tested: after the raids on the banks of the City on Tuesday, the blue dollar made another small leap and closed with an increase of 1 dollar at 472 dollars. The free dollar remains, after touching $500, more than $7 below the so-called “Qatar dollar”.
Two weeks after the “dollar soy 3” program closed to little effect, settlements by agro-exporters rebounded on Wednesday to $97.16 million. “The BCRA finished the day with $1 million in purchases, in a session with higher import demand and with $40 million in energy import payments,” PR Corredores de Cambio’s Gustavo Quintana said at the end of session. To know more.
Source: Clarin
