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The US measure generates expectations in Argentina.
The Fed lowered the rate for the first time this Wednesday after more than 10 years, which could have a positive impact on Argentina.
The Fed's policy shift, which dropped by a quarter of a point, has gone from 2 to 2.25% (the first contraction since 2008) in search of a moderate economic recovery and economic growth. 39, a global slowdown.
Experts see at least four potential positive impacts for the country:
Today, the differential paid by Argentine companies to borrow over "risk-free" bonds, which are those of the United States, is 7.87% more (787 basis points). In other words, if you paid 10% and you now apply the low rate, you will pay 9.5% or less. This benefits companies that will take out loans abroad, said José Bano, director of the financial council of InvertirOnline.com.
The EDF measure makes the rate less attractive, which leads to greater circulation of money. "There will be more dollars around the world and, if some come here, there will be more money coming into Argentina.
"When a rate cut is expected in the United States, investors leave positions on risk-free badets – such as a US bond – and are willing to look for a higher return on emerging badets at the same price." a higher risk is the coup de sending capitals in Argentina, "says Federico Furiase, EcoGo consultant.
When the dollars come in, the supply of money on the local market is greater and the upward pressures on the elections could be neutralized – or at least minimized.
"The country needs monetary calm, a lower inflation, a debt and a moderate exchange rate." If the US rate drops and generates capital inflows, all that must be done becomes less complicated, "he adds.
The increase in the dollar amount will bring down its value and the rest of the badets, such as commodities, will become more expensive. Among these are soybean and muerta vaca oil, two of the country's leading export products. Thus, more dollars would come in and AFIP collection would improve.
Source: Clarín
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