Argentina central bank hikes reverse repo rate 200 bps

Argentina's central bank said on Wednesday it would raise the country's one-day reverse repo rate by 200 basis points to 72%, with a similar size hike on the active repo rate.

The move comes amid some expectations that the bank could lower the benchmark 'Leliq' interest rate early this year after a long run of tightening monetary policy in 2022 and despite annual inflation running at around 95%.

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