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Argentina's like Zimbabwe, politicians that have no idea.

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33,720 Posts.

1409

19/08/22

06:39

Post #: 63202327
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Originally posted by swaggytrader: ↑

Argentina's central bank has raised its main rate of interest to 69.5% as it tries to contain soaring inflation.The bank put up its 28-day benchmark rate by 9.5% percentage points, its second hike in as many weeks.It comes as new figures showed inflation in the country had hit a 20-year high of over 70%. The chart below shows what hyper inflation does to the stock market, it might look good to some, but what is shows is the currency is worth nothing.

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Argentina's like Zimbabwe, politicians that have no idea.
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Argentina's like Zimbabwe, politicians that have no idea.

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