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Argentina's central bank is set to raise its benchmark rate by 600 basis points to 97% as inflation accelerates. April inflation reached 108.8% year on year, the highest since 1991.
The government also plans emergency measures to boost foreign exchange intervention and secure more international financing.
Very high rates and emergency FX intervention signal a fragile macro backdrop that can drive further peso weakness. Currency swings shape the dollar price Argentine exporters accept for oilseeds and meal.
batimes.com.arJames GraingerMay 14, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
