On January 10, the Central Bank decided, through Communication 6861, to cancel the “passive pass” (repo) operations effected through the Common Investment Funds (FCI, for its acronym in Spanish) as from February 3, 2020.

The Central Bank defined the rates to be established for overnight repo operations with the FCI: from January 10 to 17, 2020, the rate will be equivalent to 60% of the rate for overnight passes with financial institutions.

From January 20 to 24, 2020, the rate will be 40% of that applied to overnight passes with financial institutions, and from January 27 to 31, a rate of 20% will be applied.