July 2, 2018 / 4:38 PM / 9 months ago

Argentina central bank hikes reserve requirements -traders

BUENOS AIRES, July 2 (Reuters) - Argentina’s central bank hiked bank reserve requirements by two percentage points on Monday, traders said, following a hike of three percentage points last month as the monetary authority seeks to calm inflation and end a run on the peso currency.

A central bank spokesman declined to comment. In announcing the measures on June 18, the bank said reserve requirements would rise by 3 percentage points on June 21 and another 2 percentage points on July 18. It was unclear if that later increase would still take place following the Monday hike. (Reporting by Luc Cohen Editing by Chizu Nomiyama)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below