Argentina hikes interest rate by 300 Basis Points amid mounting inflation
Fri, Jun 17, 2022 9:03 AM

Argentina hikes interest rate by 300 Basis Points amid mounting inflation

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Argentina's central bank increased its benchmark interest rate by the maximum in the previous three years on June 16. The central bank of the South American country hiked the benchmark Leliq rate by 300 basis points to 52%. The latest hike is the sharpest rise since 2019 on account of financial risk, mounting global prices and the necessity to address inflation.

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