Inflation and Lebac: with an eye on the dollar, what does the market expect for this week?



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The government will face Tuesday another decisive test in economic matters, since the National Institute of Statistics and Censuses (Indec) will broadcast the inflation figures for June and for the first half, while the Central Bank (BCRA) will make a new tender for Lebac .

After in the last two weeks the dollar seemed to find a point of equilibrium far from the record of $ 29.57 reached in the exchange rate, the market will be in the world. waiting for the data that Indec will publish and the result of the monthly auction conducted by the monetary authority.

In just 90 days, the dollar hit a jump of almost 45%, but until now, in July, anger for the currency has cooled and is at $ 27.80, after have started the month above $ 29.50.

Inflation: between 3.5% and 4%

Private estimates indicated that inflation in June was between 3.5% and 4% and warned that it was the highest in two years . "



Mirá also

A report from Ecolatina consultant indicates that the dynamic proposed by the executive lies in falling into a vicious circle of more adjustment and less activity, which requires further spending cuts by lowering revenues.

According to a study by the Institute of Workers' Statistics (IET) of the Metropolitan University for Education and Work (UMET), the cost of living increased at last twelve months 29.5%

"There are services in which monthly inflation records up to 7.5 points, such as the recreational area, 5% in health, transport and communications (4.3%), "says the report. 19659002] For his part, the economist Fausto Spotorno, a member of the Orlando Ferreres y Asociados study, pointed out that inflation in June was 3.9%.

Meanwhile, EcoGo Consultores estimated that the inflation measured by its price survey Retailers (RPM) showed an increase of 3.7% in June

Another megalithic

to its turn, that day, the Central Bank will face a "test" in the city of Buenos Aires de Lebac. This is of significant maturity of about $ 536 million a figure that, according to market badysts, will not be renewed in full.

This will happen after the government issued a call for tenders a few days ago Treasury bills in dollars, which could be subscribed in pesos, dollars or Lebac [19659002] In June, the Central Bank had only renewed 60%, a total of $ 308,473 million, of Lebac's maturity for $ 514,779 million, although the interest rate of 40% was raised to 47% for the shorter term, to make the peso more attractive and reduce the demand for dollars.

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