Argentina’s central bank raises interest rate to 42.5 percent

[IroNat]

https://www.aljazeera.com/economy/2022/2/17/argentinas-central-bank-raises-key-rate-to-42-5-percent

"Argentina’s central bank raised its benchmark interest rate by 250 basis points to 42.5% on Thursday, further tightening monetary policy to align with goals set out in the government’s talks with the International Monetary Fund.

The increase marks its second rate hike this year, according to a central bank statement. IMF staff have called for interest rates in Argentina to exceed annual inflation running at 51% as part of a pending program to reschedule the government’s $40 billion of outstanding debt with the IMF."

[Dos Equis]

https://www.aljazeera.com/economy/2022/2/17/argentinas-central-bank-raises-key-rate-to-42-5-percent

"Argentina’s central bank raised its benchmark interest rate by 250 basis points to 42.5% on Thursday, further tightening monetary policy to align with goals set out in the government’s talks with the International Monetary Fund.

The increase marks its second rate hike this year, according to a central bank statement. IMF staff have called for interest rates in Argentina to exceed annual inflation running at 51% as part of a pending program to reschedule the government’s $40 billion of outstanding debt with the IMF."

Holy smokes.  This would be America if the crazy liberals-progressives-statists have their way. 

[Straw Man]

Holy smokes.  This would be America if the crazy liberals-progressives-statists have their way.

No it wouldn't 
That's just f'ng ignorant
There is no comparison to the US
Argentina has a long history of political and economic instability and chaos and they've had something like nine sovereign debt defaults (something Republicans in this country wish would happen here and they've tried to make it happen...including THE TRAITOR)

[Irongrip400]

Pretty shitty such a beautiful civilized country is going through shit like that. How does anybody borrow money at those rates and do anything with it? Or, is the point to stifle the economy until the debts are paid down?

[Dos Equis]

Pretty shitty such a beautiful civilized country is going through shit like that. How does anybody borrow money at those rates and do anything with it? Or, is the point to stifle the economy until the debts are paid down?

It's not much different than the leaders of the Democrat party (AOC, Bernie Sander, Pocahontas, etc.) who want tax rates as high as 90 percent.