Lowering the Market Rate: Argentina’s Central Bank Optimistic on Economic Conditions

The central bank of Argentina has announced that it has lowered its reference market rate from 70 to 60 percent. This decision comes as a result of improved economic conditions in the country, including a fiscal surplus and a decrease in inflation. Just two weeks ago, the bank had decreased the rate from 80 to 70 percent due to reduced uncertainty and market consolidation. Since Javier Milei took office as president in December, the rate has been lowered a total of four times from 133 percent to 100 percent, then to 80, 70, and now to 60.

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