This article was originally published on CentralBankNews.info on July 23, 2019. It is reproduced here with permission from the author. Argentina's central bank fixed the rate of its benchmark Leliq notes at 58.0 percent until July inflation is announced on Aug. 15 to "guarantee the contractionary nature of the monetary policy." The Central Bank of the Argentine … Continue reading Argentina Freezes Leliq Rate At 58% Until July Inflation
The Central Bank of the Argentine Republic (BCRA) has raised its key rate by a massive 12.75 percentage points since April 27 in an effort to shore up the exchange rate of the peso and force down inflation that is far in excess of the government's target for 2018 of 15 percent.