The central bank led by Mario Bergara (above) has raised its benchmark interest rate again...by 50 bps...to 8%...to slow inflation.
On 23 March, it boosted the rate by a whopping 100 bps.
In May, annual inflation grew to 8.53%...from 8.34% in April.
The c.bank’s annual inflation target range is 4-6%.
In Q1...the $40bn economy expanded by 6.8%...while unemployment rose to 6.6% in April.