Argentina holds rates

Argentina holds rates

Economy & Policy Regulation Argentina

Argentina's central bank has kept its benchmark interest rate at 40% and said it would likely stay at this level until inflation decreases. The bank's monetary policy committee (MPC) reiterated a hawkish guidance due to an unsettled FX background and unanchored inflation expectations. According to a report from Alberto Ramos, an analyst with Goldman Sachs, the decision is the first step towards normalizing Argentina's monetary conditions. "The MPC stated that new higher path for inflation tar

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