NPR News: Argentina Hikes Interest Rate To 60 Percent In Bid To Halt Currency's Fall

Argentina Hikes Interest Rate To 60 Percent In Bid To Halt Currency's Fall
When President Mauricio Macri requested early release of a $50 billion loan, he said it was to assuage market watchers' fears. But the opposite happened — and the central bank felt it had to step in.

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