Argentina’s Central Bank Lowers Key Rate to 60%
- The cut was communicated to traders on local Siopel system
- Milei said rate would be lowered whenever inflation falls
The Central Bank of Argentina in Buenos Aires.
Photographer: Anita Pouchard Serra/BloombergThis article is for subscribers only.
Argentina’s central bank cut its key interest rate for the fourth time since President Javier Milei took office in December as officials bet on a sustained slowdown in inflation in the South American nation.
Policymakers lowered rates to 60% from 70% on Thursday, according to people with direct knowledge of the matter, who asked not to be named discussing private information.