Christine Lagarde said the “more adverse international market conditions” had not been “fully anticipated” when the IMF and Argentina reached the deal in June. Photograph: Dara Mac Donaill/The Irish Times

Argentina’s central bank on Thursday raised its benchmark interest rate to 60 per cent from 45 per cent in a bid to control inflation running at more (...)

 Argentine finance minister Nicolas Dujovne delivers statements to the press. Photograph: Javier Caamano/EPA

Argentina and the International Monetary Fund said on Thursday they reached an agreement for a three-year, $50 billion (€42 billion) standby lending a(...)