translated from Spanish: The Central Bank reduced the rate of Lebac 45,04% and renewed $200,000 million

the Central Bank reduced this afternoon 45,04% the rate for the shortest of Lebac and awarded $201.701 million of one total due greater than the $528.000 million It is.

The Monetary Authority said that “offered Lebac amounting to a maximum of $230,000 million (residents and nonresidents) participants who are not financial institutions”.

As reported by the BCRA, the proposals “reached a level of $213.673 million, won $201.701 million”, while cutting rates were in 45,04%, 45% and 42.75% for 35, 63 and 98 days terms, respectively. The total amount of the expiration of Tuesday was $528.774 million.

Meanwhile, the agency that Luis Caputo leads has decided “leaving deserted Nobac tenders rate fixed and variable rate”, whose proposals reached $11.955 billion. These instruments could be signed only by financial institutions.

In July, the institution had decided to slightly reduce the rate of Lebac for term shorter of 47 to 46.5 percent, to renew almost 75 per cent of the due date.

Central Bank Lebac economy

Original source in Spanish