Argentina slashes benchmark interest rate to 40%; seventh cut since December


BUENOS AIRES (Reuters) – Argentina’s central bank lowered the benchmark interest rate to 40% from 44% on Wednesday, the seventh cut since the country’s new Peronist government took over in December.

The bank said the cut was based on a slowdown in inflation and that the move was aimed at helping revive economic growth, vital as the country looks to avoid defaulting on its debts.

(Graphic: Argentina guides rates back to earth png link: https://fingfx.thomsonreuters.com/gfx/editorcharts/ARGENTINA-ECONOMY/0H001PBLZ5K6/eikon.png)

Leave a Reply

Your email address will not be published. Required fields are marked *

RSS
Follow by Email
Facebook
Twitter