Quick View: In Line With Expectations, Argentine Central Bank Continues Aggressive Policy Loosening
Country Risk / Argentina / Fri 03 May, 2024
Latest: Under the direction of the Economy Ministry, the Banco Central de la República Argentina (BCRA), has enacted two interest rate cuts to the benchmark policy rate, totaling 20 percentage points. First from 70% to 60% on April 25 and then again to 50% on May 3. In its press release, the BCRA stated that the move was based on ‘rapid adjustment