Macroeconomy/Finance

BCRA cuts benchmark interest rate to 55% from 58%

The Central Bank of Argentina (BCRA) cut its benchmak interest rate to 55% from 58%, part of the new government’s plan for activating Latin America’s No. 3 economy by making credit more available. This cut adds to the lowering of five points made a week ago, when it went from 63% to 58%.

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Source: Perfil

Categories: Macroeconomy/Finance