Free Trial
LATAM

JPMorgan on LatAm Debt Market Flows

EURUSD TECHS

Channel Resistance Still Intact

OPTIONS

Plenty Of Euribor Trades To End The Week

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Argentina's Central Bank Raises Rates By 800bps To 60%

ARGENTINA
  • Argentina’s central bank offered its Leliq note, which is used as the benchmark interest rate, at a rate of 60%, representing an 800 basis-point increase and the largest hike in almost three years.
  • The rate increase was communicated to traders through the local Siopel trading system, according to people with direct knowledge of the matter who asked not to be named because the information is not public. (Bloomberg)
    • It represents the largest interest rate increase since August 2019 but still falls short of surpassing annual inflation running at 64%.
88 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • Argentina’s central bank offered its Leliq note, which is used as the benchmark interest rate, at a rate of 60%, representing an 800 basis-point increase and the largest hike in almost three years.
  • The rate increase was communicated to traders through the local Siopel trading system, according to people with direct knowledge of the matter who asked not to be named because the information is not public. (Bloomberg)
    • It represents the largest interest rate increase since August 2019 but still falls short of surpassing annual inflation running at 64%.