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Interest Rates Are Reheated Before a New Debt Tender
Summary by Noticias Argentinas | Agencia De Noticias
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As of the legislative elections, the rates are around 80% and the BCRA remains on the sidelines. The government seeks to renew debt for almost $4 billion.
At the beginning of the week, the rates had also reached peaks of over 70% per year, but they ended up falling to 50% over the closure. This is due to the lack of liquidity and the lack of weights within the system, just nine wheels from the legislative elections of October 26. During the last wheels, the Central Bank (BCRA) did not intervene officially, so it generated volatility in the security rates. “The monetary dynamics of the last wheels …
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