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

Pedestrians pass a building decorated with the Argentine national flag in Buenos Aires

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.

(Image credit: Eitan Abramovich/AFP/Getty Images)



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