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 'Socialist Paradise:' Argentina's central bank hikes rates to 60% as the currency collapses

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PostSubject: 'Socialist Paradise:' Argentina's central bank hikes rates to 60% as the currency collapses   Thu Aug 30, 2018 10:04 pm


  • Investors are increasingly concerned Latin America's third-largest economy could soon default as it struggles to repay heavy government borrowing.
  • The peso is down more than 45 percent against the greenback this year, exacerbating pre-existing fears over the country's weakening economy and inflation running at 25.4 percent this year.
  • "I know that these tumultuous situations generate anxiety among many of you ... I understand this, and I want you to know I am making all decisions necessary to protect you," Macri said.




https://www.cnbc.com/2018/08/30/argentina-crisis-peso-crashes-to-record-low-amid-imf-plea.html

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'Socialist Paradise:' Argentina's central bank hikes rates to 60% as the currency collapses

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