BUENOS AIRES, May 14 (Reuters) - Argentina's government
announced a package of measures to rein in soaring inflation and
support the wobbly peso currency on Sunday, including rate
adjustments, more interventions in the exchange market and
sped-up deals with creditors.
The South American nation is battling to bring down
inflation that hit 109% on an annual basis in April, tumbling
confidence in the peso and dwindling foreign currency reserves
that are threatening the government's finances.
(Reporting by Maximilian Heath; Writing by Adam Jourdan)
Messaging: adam.jourdan.thomsonreuters.com@reuters.net))
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.