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Argentina: Central Bank Raises 30-day Deposit Interest Rate To 16%

LADB Article ID: 075270
Category/Department: General
Date: Thursday, March 3, 1988
By: John Neagle

On the evening of March 2, the Argentine central bank announced that official national and provincial banks had received recommendations to raise the interest rate on deposits to 16% per month. In recent days, the majority of the banks had been ...

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