Argentina removes interest rate floor

The Central Bank of Argentina
Javier Pierini

The Argentine central bank’s monetary policy committee said on December 5 that it is removing the floor on the key policy rate it imposed on August 30.

In making this announcement, the Central Bank of Argentina effectively says it has achieved one of the goals it set itself at the end of August. On August 30, the BCRA announced its key policy rate would henceforth be the interest rate on Leliqs, or ‘letters of liquidity’. These are publicly traded short-term debt instruments that it issues.

Th

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: