trending Market Intelligence /marketintelligence/en/news-insights/trending/piQtco8MQKkVz8uTZ1LXyQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Argentina central bank cuts benchmark rate floor to 50%

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Argentina central bank cuts benchmark rate floor to 50%

Argentina's central bank on Jan. 16 lowered the floor for its benchmark Leliq interest rate to 50% from 52%, marking its fourth cut in less than a month.

The decision came after official data showed inflation in the crisis-hit country reaching 53.8% in 2019, the highest level in almost three decades.

The "imminent" extension of the terms on seven-day Leliq notes and the country's troubled macroeconomic and financial position made it "appropriate to continue with a gradual decline in the reference interest rate," Banco Central de la República Argentina said. "It is expected that the gradual drop in the interest rate will contribute to relaxed credit conditions and stimulate economic activity."

The central bank lowered the rate's floor twice in December 2019, first to 58% and then to 55%, before reducing it further to 52% earlier in January.

Miguel Pesce, the central bank's new chief, recently said high rates have not helped slow inflation in the country, signaling that the key rate will continue on a downward path this month.