Tag: Argentina inflation

Argentina ramps interest rate to 97% as inflation soars

  BUENOS AIRES, Argentina (AFP) — Argentina’s central bank hiked its base interest rate Monday by six points to 97 percent as the government prepares to announce a spate of measures to tackle soaring inflation ahead of October’s general election. It is the second time in less than a month that the bank has ramped up interest rates as year-on-year inflation hit almost 109 percent in April. In a statement the central bank said the […]