January 16, 2018 / 10:51 PM / 8 months ago

Argentina central bank cuts rate on short-term securities

BUENOS AIRES, Jan 16 (Reuters) - Argentina’s central bank cut interest rates to 27.24 percent from 28.75 percent on its short-term securities on Tuesday in its monthly auction, a move that was in line with market expectations after a recent change in inflation goals.

The monetary authority sold 352.804 billion pesos ($18.667 billion) in Lebac securities.

Reporting by Walter Bianchi; Editing by Lisa Shumaker

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