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Argentina cenbank delivers strong rate hike to defend peso

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Monday, August 13, 2018

Argentina's central bank (BCRA) on Monday hiked interest rates 500 basis points to 45%. The move, made during an unscheduled meeting, follows a decision by the bank to use the interest rate on seven-day Leliq notes as its monetary policy rate. On Monday the peso a hit historic low of 30 pesos ...

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This news article is one of hundreds published daily by Business News Americas about the commodities, markets, movements, companies, projects, economics and politics integral to the development of Latin America. Including news and insight from South America, Central America and the Caribbean, BNamericas includes insight and forecasts for business opportunities in Mexico. The business development service focuses on major projects, active companies, such as and business and sales contacts, providing networking opportunities with leading executives throughout Latin America.