Macroeconomy/Finance

The BCRA’s debt securities reached a record level and are equivalent to 80% of the reserves

The need to reabsorb the excess liquidity in the financial market, due to the injection of pesos in the framework of the coronavirus pandemic, raised the Central Bank’s debt stock to a new record. The share of remunerated liabilities of the Bank, the Leliqs and the Passes, reached 2.5 trillion pesos, more than $34.3 million at the official exchange rate, again above the Monetary Base.

Source: Infobae

Categories: Macroeconomy/Finance