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Argentina shocks currency back to life with rapid-fire rate hikes BUENOS AIRES (Reuters) - Argentina's government and central bank jolted the country's battered peso currency back to life on Friday with a set of announcements intended to restore confidence in the president's ability to deliver sustainable growth while cutting inflation. Argentine Treasury Minister ...
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Argentina cenbank revives peso currency with mega rate hike After the announcements on Friday morning, the currency strengthened to 21.95 to the greenback. The bank said in a statement it would keep using all tools at its disposal in its effort to reach the country's 15 percent inflation target for this year. Still, Fitch Ratings revised its outlook on Argentina's 'B' rating ...
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Asian nations stop short of deal to boost no-strings currency swaps One aim going into the meeting was strengthening the Chiang Mai Initiative, a currency swap arrangement among the 10 ASEAN and three Northeast Asian nations that is linked to aid from the International Monetary Fund. Attendees agreed to improve operations by aligning support periods with the IMF ...
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