Argentina Raises Benchmark Leliq Rate By 300 Basis Points To 78% To Fight Inflation Of 102.5% (While Fed INCREASES Balance Sheet To Fight Banking Crisis)

confoundedinterest17 #bubble, #inflation, #wine, @MetreSteven @JeffSnider_AIP @DiMartinoBooth @bondstrategist @RaoulGMI @LukeGromen @dlacalle_IA @EconguyRosie @profplum99 @SantiagoAuFund @biancoresearch @pboockvar @SriKGlobal, Agency MBS, Bank of England, Bank of Japan, Banking, Bernanke, CRE, Credit, Cryptocurrencies, Deutsche Bank, Dodd-Frank, ECB, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, Gold, Housing, Inflation, Italy, Mortgage, New Home Sales, Pension, Powell, REITs, Silver, SPX, Stocks, Taylor Rule, Treasuries, Treasury, Uncategorized, Venezuela, Volatility, Wages, Yellen, Yield Curve March 17, 2023March 17, 2023 1 Minute

Cry for Argentina! Their central bank boosted its benchmark Leliq rate by 300 basis points to 78%. The monetary authority’s board considered the increase in response to accelerating inflation and after leaving the key rate unchanged for several months.

Of course, the US Federal Reserve is going in the opposite direction to combat the US banking crisis created by inflation and Yellen’s “Too low for too long” Fed policies.