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Economy Ministry Confirm Argentina to Raise Leliq Rate by 1000bps

ARGENTINA
  • Bloomberg cite the Argentine economy ministry as stating the Leliq rate will be raised by 1000bps to 91% from 81% previously.
  • Sources had speculated about such a move earlier today, so not too surprising, and adds to the 600bps of tightening we've already seen so far this year.

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