Home / Business / Leliq is "on the floor" and everyone looks at what will happen to the fixed deadlines in pesos

Leliq is "on the floor" and everyone looks at what will happen to the fixed deadlines in pesos



The interest rates on fixed terms in pesos may fall again this week, in line with the reduction in the monetary policy interest rate (Leliq) which last Friday fell to 63.21%, only a few tenths of the floor as the Central Bank set for this month.

Exactly, The Central Bank's Monetary Political Committee (Copom) decided to reduce by 5 percentage points on October 30 to 63% the new floor in the interest rate for Leliq and adjusted the target for Monetary Base .

This decline in the exchange rate directly affected the visibility performance fixed in pesos which saw their return fall below 50% in most banks with higher volume in this type of deposit.

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9659006] Only one bank, among the leaders, the nation maintained a nominal annual interest rate of 52% for fixed terms in pesos to 30 days per 100,000 pesos for customers and non-customers, according to the central bank's daily report.

The other units located between With a higher volume of deposits of this type, the exchanges showed much lower than the national public entity:

49% Banco Ciudad
46% Banco Provincia
46% Santander
45% ICBC
44.8% HSBC
44% Banco Galicia
43% BBVA French
37% Banco Macro

Analysts hoped that The price decline would directly affect the blue dollar price but the surplus that bought dollars from savers caused a decline in the value of the US currency in that market.

blue dollar closed on Friday just above 65 pesos on slate from banks and swap houses in the city of Buenos Aires almost 10% during the 70/71 pesos the day before the presidential election.


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