In the News
Argentina raises interest rates to 40 percent
5th May 2018
Lots of coverage as you would expect about the state of the Argentinian economy, with news that the central bank has raised interest rates three in a week, rates leaping from 27.25% to a staggering 40%.
Inflation has been a perennial problem in the country, and this move is designed to counter a depreciation of the peso. However, moves such as this can only work if investors have confidence in the ability of the central bank to arrest the slide; if it's interpreted as a sign of weakness the move might well have counter-intuitive effects.
I would definitely recommend Economics students to be following this story and to analyse decisions using ‘causes and consequences’ followed by ‘it depends upon....’! https://t.co/wPyXGjUvBC
— Mr Evetts (@MrEvetts) May 6, 2018
Argentina’s central bank raised interest rates to 40%, up from 27.25% on April 27th https://t.co/iFjfeu4QNW
— The Economist (@TheEconomist) May 4, 2018
Argentina hikes interest rates to 40% amid inflation crisis https://t.co/qaCSdyGoQ1
— The Independent (@Independent) May 5, 2018
Argentina pushes interest rates to 40% to defend the peso https://t.co/UywHxIhnB2
— Guardian news (@guardiannews) May 4, 2018
You might also like
![](https://tutor2u-net.imgix.net/user-photos/gbr_profile.jpg?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
Development Economics: The Fortunes of Nations
18th August 2014
![](https://tutor2u-net.imgix.net/user-photos/gbr_profile.jpg?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
Argentina - a century of secular stagnation
24th December 2014
Economic Crisis in Venezuela
Study Notes
![](https://tutor2u-net.imgix.net/user-photos/host-jimriley.png?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
Exodus from Venezuela and the economics of revealed preference
29th August 2018
![](https://tutor2u-net.imgix.net/user-photos/gbr_profile.jpg?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
Countries with the highest inflation
1st August 2022
2.1.2 Introduction to Inflation (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
4.2.3.3. Inflation and Deflation (AQA A Level Economics Teaching Powerpoint)
Teaching PowerPoints