Argentina Raises Interest Rate to 81%, a 3% Increase

Posted on 04/21/2023

Banco Central de la República Argentina (BCRA), the country’s central bank, raised interest rates by 300 basis points on April 20, 2023 after annual inflation soared in March 2023 and foreign currency reserves fell. Argentina’s inflation surged more than expected to 104% in March 2023 and uncertainty swirled over the country’s reworking of its US$…

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