BCRA cuts benchmark interest rate to 58% from 63%

The Central Bank of Argentina (BCRA) cut its benchmark interest rate to 58% from 63%, as part of the new government efforts to reactivate the stagnant economy. With just two points above the estimated inflation of 2019, the benchmark rate will be valid for 7 days, pending the result of a new Treasury bond in Argentine pesos to be launched on Friday.

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Source: Ámbito