rainingcatzanddogs
A True Doomsday Prepper
Be glad you aren't living in Argentina...(Which, BTW is the 8th largest beef exporter in the world)
"The central bank boosted its benchmark Leliq rate by 5.5 percentage points to 75%, according to an emailed statement. The move comes a day after data showed consumer prices jumped nearly 79% a year in August, the fastest pace in 30 years. It was the bank’s ninth rate hike this year.....Economists surveyed by the central bank forecast inflation will accelerate to 95% by the end of the year."
finance.yahoo.com
Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
(Bloomberg) -- Argentina’s central bank raised its benchmark interest rate Thursday in a bid to prop up its currency and curb inflation nearing 100%."The central bank boosted its benchmark Leliq rate by 5.5 percentage points to 75%, according to an emailed statement. The move comes a day after data showed consumer prices jumped nearly 79% a year in August, the fastest pace in 30 years. It was the bank’s ninth rate hike this year.....Economists surveyed by the central bank forecast inflation will accelerate to 95% by the end of the year."
Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
(Bloomberg) -- Argentina’s central bank raised its benchmark interest rate Thursday in a bid to prop up its currency and curb inflation nearing 100%.Most Read from BloombergAdobe Near Deal for Online Design Startup Figma, Sources SayRay Dalio Does the Math: Rates at 4.5% Would Sink Stocks by...
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