Liquidity of the financial system exceeds 64%

May began with a monetary expansion of more than 544 billion pesos. The monetary base returned to more than 2.4 trillion pesos. The high liquidity of the financial system (more than 64%, according to the BCRA indicator) seems to have a large encapsulated portion within the BCRA, wandering between the Passes, the Leliqs and the Encaje.

Source: Ámbito