Argentina’s central bank cut its benchmark interest rate by 300 basis points to 32% as inflation expectations fall.It’s the central bank’s eighth rate cut and the smallest since President Javier Milei took office a year ago when borrowing costs were 133%. The decrease comes just hours after the central bank published its monthly survey of economists, which forecast that monthly inflation will be below 3% through May. Annual inflation was estimated to slow to 119% by the end of the year.
December 5, 2024
SOURCE: BNN BLOOMBERG
Argentina Central Bank Lowers Rate to 32% on Price Expectations