Interest rates in Argentina on the move

Seeking Alpha

Published Aug 14, 2018 04:35AM ET

Interest rates in Argentina on the move

  • Look for more fallout from Argentina's move to boost its 7-day Leliq rate by 500 basis points to 45%. The central bank vowed to keep the key interest rate at that level until at least October. Late Monday, Argentina's peso erased its loss sustained earlier in the day. The government also canceled its daily dollar auction and said it will gradually eliminate its holdings of short-term notes.
  • ETFs: ARGT
  • Now read: Jive Turkey

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