Skip to main content

Argentina raises rates again

Economic stability grows more distant as elections loom

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

The Central Bank of Argentina (BCRA) raised its benchmark Leliq rate by 600 basis points, to 97%, on May 15.

The decision is the fourth rate increase in two months, as policy-makers continue their struggle against inflation and currency depreciation.

Since the start of 2022, the BCRA has nearly tripled the Leliq rate from 38%. In 2023, it has increased by 22 percentage points.

The decision follows the April inflation reading, which put year-on-year inflation at 108.8%, up from 104.3% in March

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

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

Regístrese en Central Banking

Todos los campos son obligatorios, salvo que se indique lo contrario.

Mostrar contraseña
Ocultar contraseña

Most read articles loading...

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

Iniciar sesión
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

.