Argentina Tasa De Interés

Argentina's central bank cut the benchmark interest rate by 10 bps to 70%, marking the third adjustment since December . The move aims to curb rampant inflation, which exceeds 275% annually. The decision follows government efforts to address inflation, with recent data showing a slowdown despite lingering challenges. The central bank cited a noticeable slowdown in inflation since December 2023, attributing it to corrective measures and a reduction in the monetary base under Milei's administration. Despite positive investor sentiment driven by Milei's fiscal policies, Argentina still faces challenges, including rising poverty levels and economic recession, with declining activity, production, and consumption.