Article 3PDQX Argentina pushes interest rates to 40% to defend the peso

Argentina pushes interest rates to 40% to defend the peso

by
Nick Fletcher
from Economics | The Guardian on (#3PDQX)

Foreign investors switch from emerging currencies to the dollar as inflation runs at 25%

Argentina's central bank raised the country's interest rates to 40% on Friday, the third hefty increase in eight days in a continuing attempt to defend the slumping peso and put a lid on soaraway inflation.

On Thursday the bank lifted borrowing costs from 30.25% to 33.25%, having already raised them from 27.25% on 27 April.

Related: US trade mission ends with limited progress, China says - as it happened

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title Economics | The Guardian
Feed Link https://www.theguardian.com/business/economics
Feed Copyright Guardian News & Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments