July 2, 2018 / 4:37 PM / 4 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)

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