{"id":1597657,"date":"2022-08-09T18:09:06","date_gmt":"2022-08-09T22:09:06","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1597657"},"modified":"2022-08-09T18:09:20","modified_gmt":"2022-08-09T22:09:20","slug":"argentinas-central-bank-likely-to-raise-interest-rate-this-week-say-traders","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/argentinas-central-bank-likely-to-raise-interest-rate-this-week-say-traders\/","title":{"rendered":"Argentina\u2019s central bank likely to raise interest rate this week, say traders"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fargentinas-central-bank-likely-to-raise-interest-rate-this-week-say-traders%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1597657&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Jorge Otaola<\/p>\n<p>BUENOS AIRES (Reuters) \u2013     Argentina\u2019s central bank is likely to raise its benchmark interest rate by 600 basis points this week to tackle the country\u2019s high inflation, market participants told Reuters on Tuesday. <\/p>\n<p>Analysts and local traders consulted by Reuters agreed that the bank could bring the nominal annual rate to 66% from the current rate of 60%. <\/p>\n<p>The decision is aimed at fighting the country\u2019s persistent high inflation, which in July is likely to be 7.2%, a Reuters poll showed. The government will publish its July inflation figures on Thursday.<\/p>\n<p>\u201cThere are expectations for a new important rate hike by the central bank this week, in an attempt to continue recovering a greater appetite for peso placements and at the same time reduce the search for hedging\u201d in dollars, said economist Gustavo Ber.<\/p>\n<p>A spokesperson for the central bank told Reuters that the bank\u2019s board of directors will meet on Thursday, while another official source with knowledge of the matter did not rule out a new rate hike, although he did not define the eventual magnitude.<\/p>\n<p>In late July, the bank hiked the rate 800 basis points amid a cabinet reshuffle aiming to curb the economic crisis the country is facing.<\/p>\n<p>The newly appointed economy \u201csuperminister,\u201d Sergio Massa, said his mandate is to stabilize the country\u2019s situation by lowering the fiscal deficit, strengthening the central bank\u2019s scarce reserves and reducing inflation. [nL1N2ZF2RC<\/p>\n<p> (Reporting by Jorge Otaola; Editing by Alistair Bell)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/?attachment_id=2736005\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/tagreuters.com2022binary_LYNXMPEI780XX-VIEWIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI780XX-VIEWIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Jorge Otaola BUENOS AIRES (Reuters) \u2013 Argentina\u2019s central bank is likely to raise its benchmark interest rate by 600 basis points this week to tackle the country\u2019s high inflation,<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1597657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1597657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1597657"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1597657\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1597657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1597657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1597657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}