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BCRA Cuts Benchmark Interest Rate To 60%, From 70%

ARGENTINA
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  • ARGENTINA CENTRAL BANK CUTS BENCHMARK INTEREST RATE TO 60% (BBG)
  • Argentina policymakers lowered rate to 60% from 70%, said people familiar with the matter. – Bloomberg
  • The cut was communicated to traders by the local Siopel platform on Thursday. Yesterday, President Milei had said that the interest rate would be cut again when inflation falls further, to help clean up the BCRA's balance sheet.
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  • ARGENTINA CENTRAL BANK CUTS BENCHMARK INTEREST RATE TO 60% (BBG)
  • Argentina policymakers lowered rate to 60% from 70%, said people familiar with the matter. – Bloomberg
  • The cut was communicated to traders by the local Siopel platform on Thursday. Yesterday, President Milei had said that the interest rate would be cut again when inflation falls further, to help clean up the BCRA's balance sheet.