{"id":38442,"date":"2018-09-28T10:00:43","date_gmt":"2018-09-28T15:00:43","guid":{"rendered":"http:\/\/olduvai.ca\/?p=38442"},"modified":"2018-09-28T10:00:43","modified_gmt":"2018-09-28T15:00:43","slug":"argentina-hikes-rates-to-65-as-peso-plunges-to-new-record-low","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=38442","title":{"rendered":"Argentina Hikes Rates To 65% As Peso Plunges To New Record Low"},"content":{"rendered":"
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Argentina Hikes Rates To 65% As Peso Plunges To New Record Low<\/span><\/h3>\n<\/div>\n
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It appears the market is willing to test BCRA’s mettle as it pukes pesos down to a new record low <\/strong>against the greenback and pushes towards the bottom of its new “no intervention” band.<\/strong><\/a><\/p>\n

The new record low is now 41.54\/USD…<\/p>\n

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While not ‘allowed’ to intervene directly until 44\/USD, Bloomberg reports that Argentina just hiked its Leliq rate to 65%.<\/strong><\/p>\n

The sharp drop follows Thursday\u2019s 2.8% decline and comes despite the IMF agreeing on Wednesday to increase its bailout package to the Latin American country by an extra $7.1bn.<\/strong><\/a><\/p>\n

Paging Christine Lagarde…<\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Argentina Hikes Rates To 65% As Peso Plunges To New Record Low It appears the market is willing to test BCRA’s mettle as it pukes pesos down to a new record low against the greenback and pushes towards the bottom of its new “no intervention” band. The new record low is now 41.54\/USD… While not […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[2251,418,431,434,7657,4318],"class_list":["post-38442","post","type-post","status-publish","format-standard","hentry","category-economics","tag-argentina","tag-imf","tag-interest-rates","tag-international-monetary-fund","tag-peso","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38442"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38442\/revisions"}],"predecessor-version":[{"id":38443,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38442\/revisions\/38443"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}