KONTAN.CO.ID - BUENOS AIRES. Argentina's central bank raised the country's benchmark interest rate to 133% from 118% on Thursday, it said in a statement, as the South American country battles triple-digit annual inflation. It came after a last minute decision not to raise the rate to 145% "following a leak," after Reuters reported the higher figure, citing a source close to the bank. "They changed it," the source said on the condition of anonymity.
Argentina Central Bank Raises Interest Rate to 133% as Peso Falters
KONTAN.CO.ID - BUENOS AIRES. Argentina's central bank raised the country's benchmark interest rate to 133% from 118% on Thursday, it said in a statement, as the South American country battles triple-digit annual inflation. It came after a last minute decision not to raise the rate to 145% "following a leak," after Reuters reported the higher figure, citing a source close to the bank. "They changed it," the source said on the condition of anonymity.