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)
