Mega interest Argentina to 40%

Argentina has made three interest rate increases in a week's time, and the record of 40% has now been reached.

The central bank raised its main interest rate Friday, after 24 hours earlier the interest rate by 3 percentage points to 33.25%. Another 6.76% added on Friday. That happened totally unexpectedly.

Earlier the central bank put another $ 5 billion in support of the currency. It fell by 5% against the dollar. Argentina is trying to limit inflation to 15% this year.

The central bank says it is prepared to again intervene strongly in the market in order not to let the prices for Argentines rise too much.

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