Reported 25 days ago
Argentina's central bank has lowered its benchmark interest rate from 40% to 35%, the first reduction in nearly six months, as inflation shows signs of slowing under President Javier Milei's administration. This decision reflects improvements in liquidity and consumer price expectations, with monthly inflation decreasing significantly from 25.5% in December to 3.5% in September. Despite the cut, challenges remain in establishing new deals with the IMF and removing currency controls.
Source: YAHOO