Published 2 years ago

Argentina hikes interest rate again as inflation hits 20-year high

Summary by Ground News

Consumer prices rose 71% in July from a year ago, the highest level in about 30 years. On a monthly basis, the inflation rate spiked to 7.4%, accelerating at the fastest pace in two decades. The central bank jacked up borrowing costs by 950 basis points on the benchmark rate to 69.5%.

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BBC News

Argentina interest rate hits 69.5% as prices soar

The move comes as figures showed inflation in South America's second largest economy hit a 20-year high.

2 years ago·United Kingdom

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Reuters

Argentina hikes interest rate again as inflation hits 20-year high

Argentina's central bank raised its benchmark interest rate by 950 basis points on Thursday as the country struggles to keep a lid on spiraling inflation that rose to a 20-year high of 71%, according to new data.

2 years ago·United Kingdom

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CNN

Argentina raises interest rates to 69.5%, while inflation hits 20-year record

Argentina increased its benchmark interest rate by 950 basis points, as the country struggles to curb runaway inflation that soared to 71%, a 20-year record, according to new data.

2 years ago·Atlanta, United States

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KRDO

Argentina hikes interest rates to 69.5% as inflation hits 20-year high

By ReutersArgentina’s central bank raised its benchmark interest rate by 950 basis points on Thursday as the country struggles to keep a lid on spiraling inflation that rose to a 20-year high of 71%, according to new data.The central bank raised the benchmark rate for the 28-day term to 69.5% from 60%, a rate the bank set just two weeks ago when it hiked the rate by 800 basis points and the government shuffled its cabinet to install a new econom…

2 years ago·Colorado Springs, United States

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KIFI

Argentina hikes interest rates to 69.5% as inflation hits 20-year high - Local News 8

2 years ago·Idaho Falls, United States

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CNBC

Argentina hikes interest rate by 950 basis points to 69.5% as inflation hits 20-year high

Inflation data underscored the urgency driving policy: Prices rose 7.4% in July, above expectations and pushing annual inflation to a 20-year high of 71%.

2 years ago·United States

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