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Central Bank is Said to Raise Key Rate to 42.5%

  • Argentina’s central bank plans to raise its benchmark interest rate by 250 basis points to 42.5% on Thursday, according to an official who asked not to be named since the announcement isn’t public yet.
    • The increase marks its second rate hike this year, further tightening monetary policy to align with goals set out in the government’s talks with the International Monetary Fund. (bloomberg)

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