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Investors braced for a sell-off after Economy Minister Sergio Massa did better than forecast in Sunday’s presidential vote, dashing hopes for an outright win by a more market-friendly candidate.
(Bloomberg) -- Argentina investors are, once again, running for the exits after being caught off guard by the nation’s notoriously complicated politics. Most Read from BloombergUS Push for Release of Hostages May Delay Israeli Ground War, But Won’t Stop ItTreasury 10-Year Yield Breaches 5% for First Time Since 2007S&P 500 Holds Its Ground Amid Wild Treasury Moves: Markets WrapCar Owners Fall Behind on Payments at Highest Rate on RecordIsrael Latest: Oil Declines as Hostage Talks Delay Gaza Invas
(Bloomberg) -- Argentina’s central bank sharply raised its key rate Thursday for the sixth time this year in an effort to contain inflation as price gains continue accelerating above 100% before a presidential election.Most Read from BloombergIsrael Latest: Egypt’s Sisi Urges Gazans to Remain on Their LandTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: Hamas Leaders Targeted as Ground War LoomsStocks, Bonds Fall as CPI Boosts Fed-Hike Wagers: Markets WrapGhost in t
This is the sixth time the bank has raised its key rate in the same year.
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