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Posts tagged as “Interest rate”

Argentina Maintains Rate at 40 Percent After 3 Rapid-Fire Hikes

The Central Bank of the Argentine Republic (BCRA) has raised its key rate by a massive 12.75 percentage points since April 27 in an effort to shore up the exchange rate of the peso and force down inflation that is far in excess of the government's target for 2018 of 15 percent.

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