Argentina Cuts Interest Rate to 70% as Financial Markets See Inflation Easing Further
- Move is third reduction since Milei’s government took office
- Central bank wants to lower debt costs as price pressures cool
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Argentina’s central bank cut its main interest rate for the third time since President Javier Milei took office as investors bet on a fresh inflation slowdown in the South American nation.
Policymakers lowered rates to 70% from 80% on Thursday, according to a person with direct knowledge of the matter. The drop was later confirmed by a central bank statement and communicated to traders on the local Siopel system.