“I want to clarify that this is a normal exercise with the banks that should not generate any surprises or shocks,” Bausili said.
The owner of the Central Bank of the Argentine Republic (BCRA), Santiago Bausili, He announced this Friday that on Monday they called the private banks to hold a meeting to set the parameters of the new monetary policy scheme.
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This was indicated at a press conference in the microcinema of the Ministry of Economy together with the head of the Treasury, Luis Caputo,
“I want to clarify that this is a normal exercise with the banks that should not generate any surprises or shocks,” Bausili said.
“We are going to implement a sterilization mechanism focused on monetary regulation bills that banks must use to derive their excess liquidity,” he explained.
In turn, Caputo pointed out that the Government’s objective is that “banks begin to work as banks to lend to the private sector.” “For this reason, lowering inflation is essential,” he pointed out.
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