Argentina central bank to hike benchmark interest rate 600 bps to 97%1 min read 14 May 2023, 09:48 PM IST
The measures include an interest rate hike by the central bank, the economy ministry said in a statement. The ministry did not elaborate, but an official source told Reuters the hike would be 600 basis points, bringing the rate up to 97%
BUENOS AIRES : Argentina's government announced a package of measures to rein in soaring inflation and support the wobbly peso currency on Sunday, including rate adjustments, more interventions in the exchange market and expedited deals with creditors.
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