World News@lemmy.worldEnglish · 1 year ago

Argentina central bank hikes key rate to 133% as inflation worsens

www.reuters.com

cross-posted to:
finance@beehaw.org

144

Argentina central bank hikes key rate to 133% as inflation worsens

www.reuters.com

Lee Duna@lemmy.nz to

World News@lemmy.worldEnglish · 1 year ago

cross-posted to:
finance@beehaw.org

Argentina's central bank raised the country's benchmark interest rate to 133% from 118% on Thursday as inflation data came in worse than forecast, 10 days before voters go to the polls to choose a new president amid a deepening economic crisis.

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Populism is a hell of a drug.

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