Central bank cuts benchmark rate to 44%

Argentina’s central bank (BCRA) lowered its benchmark interest rate to 44% from 48% on Thursday, as a result of a deceleration in inflation, it said in a statement. This is the sixth time that the BCRA has reduced the interest rate since December when it was 19 percentage points above. Earlier, the National Institute for Statistics and Census (Indec) reported that inflation slowed down in January by 2.3%.

Source: Clarín