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August Inflation Data Unlikely To Alter BCRA Policy Rate

ARGENTINA
  • Bloomberg have reported that Argentina’s central bank will likely keep its key interest rate unchanged despite monthly inflation extending to a three-decade high because policymakers are expecting price pressures to ease later in the year, according to two officials with direct knowledge of the matter said. (BBG)
  • For reference, the benchmark Leliq rate currently stands at 118% and policymakers are expected to hold a board meeting on Thursday.

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