Argentina holds Leliq interest rate floor steady at 63%

Argentina’ central bank (BCRA) will maintain the floor underneath its benchmark Leliq interest rate at 63% to help protect the country’s wobbly peso currency. In a monthly report, the bank said that it would hold the rate steady for December due to the “importance of sustaining a real positive return for savers”.

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Source: Nasdaq

Categories: Macroeconomy/Finance