Macroeconomy/Finance

Central Bank cuts benchmark interest rate to 52% from 55%

Argentina’s central bank (BCRA) has decided to cut its benchmark interest rate (Leliq) to 52% from 55%, the third such cut in less than a month, and part of an effort to revive Latin America’s No. 3 economy. The first one was on December 19, when it brought the rate to 58% from 63% inherited from the previous administration, and the second, on December 26, when reduced to 55%.

Source: BAE Negocios