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Say Hello To My Little Friend! Argentina Goes Full Tony Montana, Has Now Hiked 1275bps In A Week
Argentina ain't fuckin' around when it comes to arresting the slide in the peso.
Headed into Friday, the central bank had hiked twice in less than a week, to no avail as the currency continued to careen lower in the worst rout since the December 2015 free float.
Well: Fuck. That.
... is what Argentina thinks, as clearly evidenced by this on Friday morning:
ARGENTINA CENTRAL BANK RAISES KEY 7-DAY REPO RATE TO 40.00%
https://twitter.com/ForexLive/status/992383064432087040
That's righ
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