BCRA releases $5.5 bn to mitigate the economic impact of coronavirus

The Central Bank (BCRA) issued new regulations intending to increase the banks’ lending capacity to feed production and consumption. In this regard, the monetary authority will release 350 billion pesos ($5.5 bn) in legal reserve and liquidity letters (Leliq) so companies and families would access to credit lines at a maximum rate of 24%.

Source: Ámbito