Argentina raises rates for first time since 2020

The Central Bank of Argentina
Javier Pierini

Argentina’s central bank (BCRA) raised its policy rate by 200 basis points on January 6, to 40% in its first rate hike since November 2020.

The move comes as Argentine authorities continue their talks with the International Monetary Fund over the repayment of its massive 2018 loan. IMF figures show that Argentina owes the Fund about $42.6 billion over the next three years.

The BCRA introduced a new bond, a version of the existing letters of liquidity (Leliq) with a 180-day maturity. It carries

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 copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

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 individual account here: