Bloomberg News

Argentina’s Badlar Falls Below 12% for First Time Since July

May 02, 2012

Argentina’s benchmark deposit rate, known as the badlar, fell to less than 12 percent for the first time since July.

The badlar, the interest rate paid on 30-day deposits of more than 1 million pesos ($226 million), sank to 11.81 percent on April 26, the central bank said in a statement today.

To contact the reporter on this story: Camila Russo in Buenos Aires at

To contact the editor responsible for this story: Brendan Walsh at

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