BUENOS AIRES, April 20 (Reuters) - Argentina's central
bank will raise the benchmark interest rate 300 basis points
(bps) to 81%, an official source told Reuters on Thursday, after
already sky-high inflation overshot in March to top 104% on an
annual basis.
Reuters reported earlier on Thursday, citing four sources,
that a potential rate hike was on the agenda for the weekly
meeting of the bank's directors, who have come under pressure to
hike the 'Leliq' rate to tame fast-rising prices.
(Reporting by Jorge Otaola and Walter Bianchi; Writing by Adam
Jourdan)
Messaging: adam.jourdan.thomsonreuters.com@reuters.net))
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