# Argentina's Extraordinary Rate Hike Could Be Just the Beginning - Bloomberg

> Argentina's central bank raised its key interest rate by 3 percentage points to 30.25% in a surprise move, days after holding rates. The peso recovered its losses for the day after the decision, and strategists expect another hike if the currency resumes its selloff.

- Date: 2018-04-28 · published 2018-04-28T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/65781-argentina-s-extraordinary-rate-hike-could-be-just-the-beginning-bloomberg
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Higher Argentine rates support the peso, which lowers the cost of imported feed inputs in pesos, but further tightening could weigh on domestic demand for feed and livestock.

## Read by commodity

- USDARS: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-04-28/argentina-s-extraordinary-rate-hike-could-be-just-the-beginning

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.