# Argentina increases basic rate 300 points to 30.25% to combat inflation — MercoPress

> Argentina's central bank surprised markets by raising its key rate from 27.25% to 30.25% and said it is ready to act again if inflation stays high. The peso strengthened 1.31% to 20.65 per US dollar after the move, and inflation reached 25.4% in the 12 months through March.

- Date: 2018-04-29 · published 2018-04-29T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/65783-argentina-increases-basic-rate-300-points-to-30-25-to-combat-inflation
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A stronger peso and tighter credit can reduce the peso cost of imported feed ingredients and fertilizer, but slower domestic growth may trim local meat and feed demand.

## Read by commodity

- USDARS: bearish ▼

## Sources

- en.mercopress.com: https://en.mercopress.com/2018/04/29/argentina-increases-basic-rate-300-points-to-30.25-to-combat-inflation

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