Argentina Hikes Interest Rates to Nearly 100%

Argentina may have entered a doom loop as inflation gets out of control while the central bank implements another emergency hike.

Interest rates have risen by more than 20% in a month from under 80% to 97% with another 6% added on Monday.

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• Source: https://www.trustnodes.com/2023/05/16/argentina-hikes-interest-rates-to-nearly-100