Argentina has just raised interest rates to 40% trying to support the currency. I have explained many times that interest rates follow a BELL-CURVE and by no means are they linear. This is one of the huge problems behind attempts by central banks to manipulate the economy by ………………..
Argentina Raises Interest Rates to Support Currency
Konservatismus ist nicht ein Hängen an dem, was gestern war, sondern ein Leben aus dem, was immer gilt.
— Antoine Comte de Rivaról (1753 – 1801)