Free Trial

Sources Indicate BCRA Will Hold Interest Rate At 97%

ARGENTINA
  • (Reuters) - Argentina's central bank is set to hold the country's benchmark interest rate unchanged at 97% when its board meets on Thursday, after monthly inflation slowed in May and came in below analyst forecasts, two bank sources told Reuters.
  • "A statement will come out saying that the rate is not being touched for sure," a bank source said. A second source at the entity confirmed that the rate was not expected to be changed.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.