Argentina cut its key interest rate for the third time in three weeks as officials bet on a sustained slowdown in consumer prices and race to shrink the central bank’s interest-bearing liabilities.Policymakers lowered the benchmark rate to 50% from 60%. Officials have cut rates five times from an initial 133% since President Javier Milei took power in December.
May 2, 2024
SOURCE: BLOOMBERG
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https://www.bnnbloomberg.ca/argentina-central-bank-cuts-benchmark-interest-rate-to-50-1.2068172