Argentina increases reference rate 300bp
Central bank says it anticipates inflation will fall despite continuing rise
The Central Bank of Argentina (BCRA) added 300 basis points to its reference Leliq rate on the morning of June 16, bringing it to 52%. This is the sixth time in as many months that its board of directors has raised the benchmark rate, and the largest increase so far.
The central bank has added 1,400 basis points to the reference rate since January, but the country still has some of the highest inflation in the Americas. Year-on-year headline inflation reached 60.7% in May 2022, according to
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