Rates round-up: Argentina adds 950bp to main rate

The Central Bank of Argentina
Javier Pierini

Argentina: The Central Bank of Argentina made its eighth and largest rate hike so far this year on August 11, adding 950 basis points to the policy rate. This brings the Leliq rate to 69.5%, up from 38% in January.

The central bank said it “observed an increase in financial volatility at the local level”, which had driven up prices and inflation expectations. It said it was trying to raise “active and passive interest rates structures… closer to a positive level in real terms”.

The move came

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

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