2023-04-27 17:02:40
The Central Bank of Argentina (BCRA) took measures to deal with inflation and the devaluation of the peso that affect the national economy. The BCRA reported that increased the reference rate to 91% per yearfrom 81% last Thursday, with immediate effect for the tender for ‘Leliq’ bills.
The decision was announced through the electronic system ‘Siopel‘, which is used by banks in the Argentine financial system, and was later confirmed by a BCRA spokesman and a board advisor in dialogue with Archyde.com. This rate increase is intended to reduce inflation and strengthen the Argentine currency.
In the BCRA a new “strong” rise in interest rates takes force
This measure is expected to have an impact significant in the economysince the letters ‘Leliq’ are a key tool for the BCRA with which it tries to control inflation and maintain the financial stability of the country. The decision was made amid a difficult economic climate for Argentinawhich has been dealing with rising inflation and a constantly devaluing currency.
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