Argentina hikes interest rates to 69.5% as inflation hits 20-year high
Buenos Aires – Argentina’s central bank raised its benchmark interest rate by 950 basis points on Thursday as the country struggles to keep a lid on spiraling inflation that rose to a 20-year high of 71%, according to new data. The central bank raised the benchmark rate for the 28-day term to 69.5% from 60%, …
The post Argentina hikes interest rates to 69.5% as inflation hits 20-year high appeared first on Egypt Independent.
Egypt Independent
August 14, 2022
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