Argentina’s central bank hiked its benchmark interest rate 10 percentage points to 91% on Thursday, two bank sources and traders said, as it tries to tame high inflation and steady the peso currency, which has tumbled in black market trading. With Argentina’s inflation rate running at more than 100%, the country’s central bank had already hiked the rate last week by 300 basis points to … Continue reading Argentina hikes interest rate 1,000 bps after peso slide