Macroeconomy/Finance

BCRA will maintain currency flotation and stimulate credit in 2020

The Central Bank of Argentina (BCRA) announced that during 2020 it will extend the terms of placement of Leliq as well as the terms of the daily tenders to intervene in “open market” operations. In the “plans and objectives for 2020” published on their website, the monetary authority also includes maintaining flotation of the peso with the current exchange regulations and stimulating the supply of credit to the private sector.

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Source: Nexofin