The Central Bank of the Argentine Republic (BCRA) ordered this Thursday to raise by 200 basis points the monetary policy rate that it implements through the 28-day Liquidity Letters (Leliq), which will thus go from 47% to 49% of the Annual Nominal Rate (TNA), which represents an Annual Effective Rate of 61.8%.
In the same way, the interest rate for the fixed terms of human persons rose from 46 to 48% per year for 30-day deposits, up to 10 million pesos, which represents an Annual Effective Rate (TEA) of 60.1% .
In turn, the Board of Directors of the BCRA raised the yield of the Liquidity Letters #Leliq to 28 days in 200 basic points, going from 47% to 49%, which represents an Annual Effective Rate of 61.8%.
— BCRA (@BancoCentral_AR) May 12, 2022
News in development.
