Economics
Argentina Raises Key Rate to 44.5% as Inflation Heats Up
- Rate increase is the third one this year amid policy shift
- Hike comes week after president declared ‘war on inflation’
The Central Bank of Argentina in Buenos Aires, Argentina, on Friday, Feb. 25, 2022.
Photographer: Sarah Pabst/BloombergThis article is for subscribers only.
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Argentina’s central bank raised its benchmark rate Tuesday for the third time this year as inflation continues to speed up.