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This is a list of countries by annualized interest rate set by the central bank for charging commercial, ... Argentina: 32.00 3.00: 5 December 2024 [7] 40.85 -8.85
Argentina's 2023 annual inflation was the highest in the world at 211.4%. [42] In January 2024, Argentina’s poverty rate reached 57.4%, the highest poverty rate in the country since 2004. [43] Because of Milei's policies, the monthly inflation rate dropped to 2.4% in December 2024, marking an end to Argentina's period of hyperinflation. [44]
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
BUENOS AIRES/LONDON (Reuters) -Argentina's government devalued its currency by nearly 18% on Monday while the benchmark interest rate was raised by 21 percentage points to 118%, the central bank ...
Argentina's central bank directors will meet on Wednesday to discuss a possible interest rate hike, a source with the bank told Reuters on Tuesday, as the South American country battles annual ...
prime lending rate Date of information 1 Madagascar: 64.00: 31 December 2017 est. 2 Brazil: 10.50: 08 May 2024 3 Congo, Democratic Republic of the: 35.90: 31 December 2017 est. 4 Syria: 33.30: 31 December 2017 est. 5 Gambia, The: 30.60: 31 December 2017 est. 6 Tajikistan: 30.00: 31 December 2017 est. 7 Ghana: 8 Mozambique: 27.00: 31 December ...
Since 2019, Argentina's peso currency has been kept artificially strong by strict capital controls which create a wide gap between the official exchange rate of 366 per dollar and parallel rates ...
Interest rates remained high, with banks lending dollars at 25%. [94] The share of public spending in GDP increased from 27% in 1995 to 30% in 2000. [94] Some poorer provinces had depended on state enterprises or on inefficient industries, such as sugar, which could not compete when international trade was opened. [94]