{"id":66470,"date":"2025-08-14T12:57:11","date_gmt":"2025-08-14T15:57:11","guid":{"rendered":"https:\/\/safras.com.br\/es\/?p=66470"},"modified":"2025-08-14T12:59:47","modified_gmt":"2025-08-14T15:59:47","slug":"caputo-explica-politica-monetaria-como-fija-y-reafirma-que-no-intervendran-dentro-de-la-banda","status":"publish","type":"post","link":"https:\/\/safras.com.br\/es\/caputo-explica-politica-monetaria-como-fija-y-reafirma-que-no-intervendran-dentro-de-la-banda\/","title":{"rendered":"Caputo explica pol\u00edtica monetaria como fija y reafirma que no intervendr\u00e1n dentro de la banda"},"content":{"rendered":"<p>El ministro de Econom\u00eda, Luis Caputo, explic\u00f3 c\u00f3mo funciona la pol\u00edtica monetaria actual del Banco Central y su relaci\u00f3n con la base monetaria y los movimientos del Tesoro.<\/p>\n<p>&nbsp;<\/p>\n<p>En su cuenta de X, Caputo se\u00f1al\u00f3 que el M2 transaccional es solo un indicador que el BCRA monitorea para entender la demanda de dinero, especialmente influida por el dinero electr\u00f3nico, y que no genera una reacci\u00f3n autom\u00e1tica.<\/p>\n<p>&nbsp;<\/p>\n<p>La pol\u00edtica monetaria es \u201crules based\u201d: la cantidad de pesos en circulaci\u00f3n est\u00e1 fijada por la Base Monetaria Amplia (BMA) y solo se ajusta si el d\u00f3lar toca el techo o el piso de la banda cambiaria.<\/p>\n<p>&nbsp;<\/p>\n<p>Adem\u00e1s, indic\u00f3 que los movimientos del Tesoro, como la no refinanciaci\u00f3n total de deuda en pesos, pueden aumentar la base monetaria, pero estos pesos se esterilizan para no alterar la pol\u00edtica monetaria, manteniendo la estabilidad de la oferta total de dinero.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cEn el medio de la banda el BCRA no hace absolutamente nada. Es decir, no cambia la cantidad de dinero\u201d, afirm\u00f3.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>El ministro de Econom\u00eda, Luis Caputo, explic\u00f3 c\u00f3mo funciona la pol\u00edtica monetaria actual del Banco Central y su relaci\u00f3n con la base monetaria y los movimientos del Tesoro. &nbsp; En su cuenta de X, Caputo se\u00f1al\u00f3 que el M2 transaccional es solo un indicador que el BCRA monitorea para entender la demanda de dinero, especialmente [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":66472,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[397,444],"tags":[],"commodity":[],"class_list":["post-66470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economia","category-noticias-financieras"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Caputo explica pol\u00edtica monetaria como fija y reafirma que no intervendr\u00e1n dentro de la banda - SAFRAS &amp; 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