Central Bank in Argentina Raises Interest Rate by 800 Basis Point to 60%

Posted on 08/02/2022

At the end of July 2022, Banco Central de la República Argentina (BCRA), the Central Bank in Argentina, raised the benchmark interest rate by 800 basis points to 60% from 52%. This is the largest interest rate raise in three years. Argentina is dealing with a flailing economy and rampant inflation. This is the seventh…

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