Friday , February 26 2021

The BCRA warned that it will absorb the excess liquidity of the market



The Central Bank warned this Monday that it will absorb the excess liquidity of the financial place, although it did not notice greater problems due to the rise of the dollar of the last two days.

Guides from the entity directed by Guido Sandleris also emphasized that the Central Bank "will continue to monitor the monetary market carefully to absorb all excess liquidity that may exist."

However, they emphasized that the market is calm and that was reflected in the renewal of the total mortality of Leliq without changes in the rate of cut around 61.23 percent on average.

In addition, the BCRA reported the situation in the exchange market during October, when the companies in the real sector were selling foreign currency net for approximately $ 1,400 million.

Within that group, the main sector with a net offer in historical terms, "Oleaginosas y cereales", had net sales for some U $ S 1.300 million, with a 21 percent year-on-year fall, possibly generated by the drought that affected its Main crops in this year's crop.

The difference with the net purchases for US $ 2,200 million October 2017 is explained mainly by the brake in imports in recent months.

In addition, the "Human persons", who basically demand foreign currency for catering and trips abroad, bought U $ S 900 million, a minimum level since the flexibility of the exchange regulations in December 2015 and less than half the level October 2017.


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