GO
Loading...

» more from Vested Interest: Rising Rates

Argentina: 69,653,500%

While benchmark interest rates out of Buenos Aires currently hover around 16 percent, the figures have averaged 317,540.86 percent for the last 35 years. The money market rate briefly peaked at nearly 70 million percent in March of 1990, back when inflation and stagnation was wreaking havoc on the once-booming Argentinian economy.

Neighboring Brazil, too, saw rocketing rates that year, with a daily benchmark interest rate of about 3 percent—which tallied up to 790,799 percent annually.

Source: Tradingeconomics.com/International Monetary Fund; Globalfinancialdata.com

Diego Giudice | Bloomberg | Getty Images