BUENOS AIRES, March 16 (Reuters) - Argentina's central
bank raised its key interest rate by 300 basis points to 78% on
Thursday, from 75% previously, a source familiar with the matter
told Reuters, as inflation pummels consumers and fears of a
banking crisis contagion ripple through markets.
Argentina's annual inflation rate shot past 100% in
February, the first time it hit triple figures since a
hyperinflation crisis in the early 1990s.
(Reporting by Jorge Otaola; Writing by Kylie Madry; Editing by
Anthony Esposito)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.