Would be worth noting that those are nominal rates. With inflation at 5-7 percent per month, nominal rates of the same equal 50%+ annualized, but are low in real terms, that is, adjusted for inflation.
4) As inflation falls, the #IMF expects interest rates to fall, too. But for the time being, #Argentina’s borrowers will continue to pay >50%.pic.twitter.com/QapqFQnvzE
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