Tag: Argentina - IMF 2018

• Saturday, May 5th 2018 - 07:24 UTC

  Argentina hikes benchmark rate to 40%, easing pressure on the Peso but not on inflation

  

  Argentina's Central Bank on Friday hiked its benchmark interest rate to 40% to support the peso, the third such hike in just over a week and one day after the currency plunged in value. Following the decision, the peso -- which has lost more than 10% of its value in the past month -- opened 6% higher against the dollar.