Argentina orders 200bp rate increase, to 44.5%

BCRA
Rachael King

Argentina’s central bank raised its benchmark rate 200 basis points to 44.5% on March 21, in its third hike this year

The International Monetary Fund made a tighter monetary policy a condition of its revised financing package for Argentina.

The Argentine parliament finished approving a staff-level agreement between the government and the IMF for a $45 billion package on March 17. The IMF executive board will consider the loan request today (March 25).

The IMF granted Argentina a $50 billion

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