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Published 14 days ago

Argentina's Central Bank lowers basic interest rates

Summary by Merco Press

Argentina's Central Bank (BCRA) this week lowered the benchmark interest rate by another 10 percentage points to 60% annually, it was reported in Buenos Aires. It was the fourth such cut since Javier Milei took office on December 10, 2023, when the rate stood at 133%. 'BCRA announces that as of 04-25-2024, the rate for 1-business-day maturity passive operations will be 60%,' it said in a statement. It was also the second 10-point cut in April alo

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Argentina's Central Bank lowers basic interest rates

Argentina's Central Bank (BCRA) this week lowered the benchmark interest rate by another 10 percentage points to 60% annually, it was reported in Buenos Aires. It was the fourth such cut since Javier Milei took office on December 10, 2023, when the rate stood at 133%. 'BCRA announces that as of 04-25-2024, the rate for 1-business-day maturity passive operations will be 60%,' it said in a statement. It was also the second 10-point cut in April alo

14 days ago·C C S, Venezuela, Bolivarian Republic of

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