Argentina accelerates tightening with 800bp hike
Central bank says it aims to make real rate positive as president reshuffles government
The Central Bank of Argentina (BCRA) raised its benchmark Leliq rate by 800 basis points to 60% on July 28, its sharpest hike this year.
The move was the largest in a series of sizeable rate hikes as the Argentine authorities try to implement a new International Monetary Fund programme. Alongside the central bank’s decision, the Argentine president Alberto Fernández undertook a major restructuring of his cabinet.
The Argentine central bank has now raised rates seven times this year, once each
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Trends in reserve management 2024: survey results
- Central bank of the year: Central Bank of Brazil
- Riksbank’s Thedéen to be next Basel Committee chair