More on the forex intervention in ARS — comments from Argentine central bank

Statement from Banco Central de la República Argentina (BCRA, the Central Bank of Argentina)

  • Intervention in the peso was after weakness

(note, BCRA sold USD, bought pesos)

  • Committed to floating FX rate
  • But does not rue out occasional intervention
  • 7 day repo rate held unchanged at 27.25%

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