Argentina economy: Peso rises after interest rate jump

Argentina's central bank raised interest rates for the third time in a week after the Argentine peso slumped against the US dollar on Thursday.

by

    Argentina's peso currency has rebounded after the government hiked interest rates again to 40 percent.

    The central bank raised interest rates for the third time in a week.

    The measures were taken to prevent another economic crisis.

    Al Jazeera’s Daniel Schweimler reports from Buenos Aires


    YOU MIGHT ALSO LIKE

    Meet the deported nurse aiding asylum seekers at US-Mexico border

    Meet the deported nurse helping refugees at the border

    Francisco 'Panchito' Olachea drives a beat-up ambulance around Nogales, taking care of those trying to get to the US.

    The rise of Pakistan's 'burger' generation

    The rise of Pakistan's 'burger' generation

    How a homegrown burger joint pioneered a food revolution and decades later gave a young, politicised class its identity.

    'We will cut your throats': The anatomy of Greece's lynch mobs

    The brutality of Greece's racist lynch mobs

    With anti-migrant violence hitting a fever pitch, victims ask why Greek authorities have carried out so few arrests.