VIP NEWS Breaking: Argentine Central Bank Raises Interest Rat | Bitcoin Bullets®

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Breaking: Argentine Central Bank Raises Interest Rate by 97%, Good Case for Bitcoin?

The Central Bank of Argentina has announced a further increase in its base interest rate to 97% in response to soaring inflation in what has been tipped as a win for Bitcoin (BTC). With inflation reaching almost 109% on a year-on-year basis in April, this is the second time the government is taking such hawkish measures to address this issue in recent times.

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