Amid Currency Chaos, Central Bank of Argentina Hikes Rates to 60%

Posted on 08/30/2018


Latin American emerging markets are becoming aware that having a domestic currency and central bank does not prevent financial crises. Global institutional investors who betted big on Argentina are getting a bit worried, as the country grapples another financial crisis. Argentina’s peso has fallen more than 45% against the U.S. dollar so far in 2018, […]