The Central Bank has absorbed an additional $ 22 billion with LELIQ

The central bank placed this wednesday $ 120.05 million in liquidity letters (LELIQ), with a maturity of $ 97,934 million against maturity, representing a liquidity absorption for 22 117 million.

The entity has been sucked by LELIQ about 258 110 million dollars since early October.

This amount represents the 18.6% of the monetary base (current deposits, checks and current accounts), according to the balance of the Central Bank on 23 November.

The monetary authority applied a minimum bearish adjustment at the reference rate: for the LELIQ, it validated an average return of 61.198% a year, compared to the previous 61 248%.

The maximum rate allowed on these invoices exclusively to banks, eight days in advance, was 61,447%.

These returns are the lowest since the launch of LELIQ October 1st. In the first call for tenders, the average yield was 67.175% per annum, while the maximum cut rate was agreed at 73.524% on 8th October.