Argentina cuts interest rate for 8th time since December

Argentina’s central bank lowered the benchmark interest rate to 38% from 40%, the eighth cut since the middle of December when the country’s new Peronist government came to power pledging to rekindle stalled growth. The bank said the cut was based on signs of slowdown in inflation and aimed to help revive the economy, vital as the country looks to avoid defaulting on its debts.

Source: Nasdaq