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Often this means the market is expecting ~13-14% inflation against the USD.
by benmanns 11y ago
Often this means the market is expecting ~13-14% inflation against the USD.
- scardine 11y agoIt is more like 7% inflation in the local currency plus a 7% premium for the risk of default. The exchange rate is much more volatile than the inflation rate alone, but it is relatively easy to hedge.