The Central Bank will prepare its road map for 2019 – 03/01/2019


Yesterday, the Argentine Republic's Monetary Policy Committee called the Central Bank of the Argentine Republic operating its cash scheme in January. It will be the main year because 2018 is marked by the inequality in the price of the dollar and Guido Sandleris will aim to be this year; avoid these problems.

The identified details are in line with the objective of meeting the deadline objectives of the IMF. One of the new publications, for example, has been announced In January, the bank will be able to represent its interventions strategy in December If the price of the dollar is & # 39; leave & the non-intervention range. On the one hand, grants are up to 50 million dollars a day. On the other hand, those jobs will increase the cash base but in the # 39; month accumulated, the applications can not exceed 2% of the target.

He confirmed that if the dollar is over the non-intervention sector, offers up to 150 million dollars a day.

Since this year, the flotation groups will also be updated quarterly at 2% per month, compared to 3% by and below the inflation rates of 2.4% of councilors in the Market Survey Expectations Survey (REM) of BCRA.

At the beginning of December, the Middle Bank defined the boundaries of the band's duration during its period; the first quarter of 2019: between $ 37.86 and $ 48.99 at the end of January, between $ 38.61 and $ 49.97 to February, and between $ 39.39 and $ 50.97 at the end of March. In the last quarter of the last year, these borders began on October at $ 34 and $ 44.04 and ended in December at $ 37.12 and $ 48.08.

Yesterday, the Copom said there was no need to sell new market contracts in the future was positioned zero in December, according to the agreement with the IMF. This is increasing your exchange rate for the coming months

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