Argentina hikes interest rate 300 basis points as inflation spirals

Wow Argentina sounds insane right now. 


https://www.reuters.com/markets/us/argentina-hike…

By Jorge Otaola

"BUENOS AIRES, June 16 (Reuters) - Argentina's central bank raised its benchmark interest rate by the most in three years on Thursday, hot on the heels of a major hike by the U.S. Federal Reserve and as the South American country firefights sky-high inflation running at over 60%.

The central bank upped the benchmark Leliq rate by 300 basis points to 52%, the sharpest rise since 2019, citing rising perception of financial risk, soaring global prices and the need to spur saving in the hard-hit local peso currency."

Comments (26)

Jun 17, 2022 - 3:38pm
Isaiah_53_5 💎🙌💎🙌💎, what's your opinion? Comment below:

They have great steaks there and the girls are hot and have hot Spanish accents that sound like a mix between Spanish and Italian. Also, Mendoza is legendary for wine. 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

  • 1
Jun 17, 2022 - 3:43pm
financeabc, what's your opinion? Comment below:

Isaiah_53_5 💎🙌💎🙌💎

They have great steaks there and the girls are hot and have hot Spanish accents that sound like a mix between Spanish and Italian. Also, Mendoza is legendary for wine. 

It seems like you can find hot girls anywhere, haha.

  • 1
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Jun 17, 2022 - 3:56pm
Isaiah_53_5 💎🙌💎🙌💎, what's your opinion? Comment below:
Pizz

Another reason you shouldn't tie yourself down and get married 

***Pizz has entered the chat***

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

  • 2
Jun 17, 2022 - 3:46pm
Isaiah_53_5 💎🙌💎🙌💎, what's your opinion? Comment below:
financeabc

Isaiah_53_5 💎🙌💎🙌💎

They have great steaks there and the girls are hot and have hot Spanish accents that sound like a mix between Spanish and Italian. Also, Mendoza is legendary for wine. 

It seems like you can find hot girls anywhere, haha.

Certain Argentine chicks seem to have this hot grunge rocker look going on - I'm a fan. I visited Argentina for two weeks and had a blast. 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Jun 17, 2022 - 6:17pm
K-Peezy, what's your opinion? Comment below:

I honestly thought this post was a joke about what Argentina was like back then and not now in 2022.

  • 1
Jun 19, 2022 - 3:45am
CompBanker, what's your opinion? Comment below:

I've been to Argentina 7x (and dated a wonderful girl from Argentina for c.5 years). Buenos Aires is an incredible city and it is absolutely true about the meat / wine / women. Argentina has no shortage of sophisticated, intelligent, and ultimately very friendly/good people. Unfortunately the economic situation has continued to deterioriate over the last 15-20 years since I started going there. It's a shame, but I really encourage people who are comfortable traveling within Latin America to plan a stop through Buenos Aires. It is absolutely worth it.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/

  • 2
Most Helpful
Jun 19, 2022 - 3:51pm
CompBanker, what's your opinion? Comment below:

Unfortunately crime has increased. If you live in a wealthy suburb, you certainly need a full fence / gate and your street will pool together money for a security guard that will stand by and monitor your gate when you drive in/out of the house. Apartments on the first floor or two of the cities will frequently have bars on the windows to prevent theft / break-ins. I don't think violent street crime is an issue, as long as you stay away from the bad neighborhoods (and there are bad neighborhoods). Walking around the city is generally fine and there is plenty of nightlife, but you do want to be aware of your surroundings. It isn't as brutal as some other Latin American cities (e.g. Belize City), but it isn't exactly an expat safe haven either.

AndyLouis is by far the best person to talk to about moving / living there as he has actual experience.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/

  • 4
Jun 19, 2022 - 4:55pm
dnejffiskswn, what's your opinion? Comment below:

I am from Argentina and moved to the US with my dad last year. Among the reasons why we decided to leave the country:

  • my uncle was kidnapped
  • my mother was almost kidnapped
  • both my mother and father have been robbed at gunpoint several times. The robber told my dad "you deserve this" (meaning that he deserved to be robbed/shot because he had money)

Take into account that I lived in one of the wealthiest and most secure areas in Buenos Aires. I dont think it is worth these risks even if you live like a king.

Jun 19, 2022 - 5:01pm
dnejffiskswn, what's your opinion? Comment below:

Food is excellent. Girls are excellent. People are excellent. Music is excellent. Night life is excellent. Our passion for sports (specially soccer) is excellent. We have beaches, mountains, cities, all sorts of tourist activities.

However, if you earn 700 usd a month you are among the top 1% wealthiest in the country. I love my country but would never go back and build a life there, no chance. My main reason for living was insecurity though, but economic reasons are also important long term

Jun 19, 2022 - 5:44pm
dnejffiskswn, what's your opinion? Comment below:

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