BUENOS AIRES, May 15 (Reuters) - Argentina's central
bank on Monday hiked its benchmark interest rate by 600 basis
points to 97%, according to an official announcement, as the
country battles to bring down inflation that hit 109% on an
annual basis in April.
Reuters had reported the hike decision on Sunday, citing a
source, as the government announced a package of measures to
rein in soaring consumer prices and support the wobbly peso
currency.
(Reporting by Walter Bianchi; Editing by Sarah Morland)
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