Gov't charges at banks in court

Guillermo Moreno

Argentine administration will conduct a probe into financial entities over rate rise. It will resort to the law, denouncing conspirancy so as not to lower rates. Argentine Central Bank (BCRA) has failed to detect this kind of manoeuvres which Argentine Internal Trade Secretary, Guillermo Moreno, is denouncing. Following official theory, all global financial markets have cartelised, since credit, due to US mortgage crisis, has shrunk considerably.