Argentina boosts local debt sales to tame inflation; headache looms

April 24, 2015 6:55 PM

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BUENOS AIRES, April 24 (Reuters) - Argentina's central bank is ramping up issuance of short-term debt to soak up pesos and contain one of Latin America's quickest inflation rates, but risks creating another financing headache for the next government.

So far this year, the central bank has issued far more short-term "Lebac" securities, which typically range from three-months to one-year in maturity, than in all of 2014.

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