The Central Bank of Argentina announced a significant decrease in its benchmark interest rate, reducing it from 100% to 80%. This decision comes at a time when monthly inflation rates are beginning to decrease and the Argentine peso is gaining strength against the US dollar in parallel markets.The move to lower interest rates contrasts with previous recommendations from the International Monetary Fund.
March 12, 2024
SOURCE: INVEZZ
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https://invezz.com/news/2024/03/12/argentina-cuts-interest-rates-to-80-as-inflation-cools/