Reported 25 days ago
Argentina's central bank has lowered its benchmark interest rate to 35% in a surprising move as the government expresses optimism about controlling the country's high inflation, which remains over 200% annually. This decision marks the seventh reduction since President Javier Milei took office, with monthly inflation rates significantly easing. While the measures have resulted in a recession and increased poverty, recent actions are aimed at improving the economic landscape.
Source: YAHOO