On Monday, Argentina’s central bank responded to the currency chaos in Turkey and other sections of the Emerging Markets, including the ongoing collapse of the Argentine peso: It raised its policy rate by five percentage points to 45%.
Argentina’s annual rate of inflation in June surged to nearly 30%, and indications are that this is getting worse.
https://wolfstreet.com/2018/08/13/price-of-cheap-debt-dollar-euro-local-currencies-come-unglued/
