Argentine analysts expect the country’s central bank to again cut its benchmark interest rate following a bond tender that is worth billions of dollars and signs that sky-high inflation could slow again this month. Analysts expect a 10-percentage-point cut that would bring the rate down to 30% from the current 40%. If realized, it would mark the seventh rate cut since libertarian President Javier Milei took office last December, when it stood at 133%.
May 29, 2024
SOURCE: INVESTING
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