Argentine central bank hikes rates as inflation reaches 30-year high

Central Bank of Argentina
Central Bank of Argentina
Banco Central de la República Argentina

The Central Bank of Argentina’s (BCRA) board of directors ordered a 200 basis point hike in the benchmark Leliq rate on May 12, bringing it to 49%. The move marked the fifth increase since January, amounting to 1,100bp in total.

Argentine authorities are trying to deal with double-digit inflation and meet the conditions of an International Monetary Fund loan approved in March. The national statistical institute reported that year-on-year inflation rose to 58% in April from 55.5% in March, the

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

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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

.