February 13, 2020 / 8:28 PM / 5 days ago

Argentina central bank cuts benchmark rate to 44%: statement

FILE PHOTO - A general view of the facade of Argentina's Central Bank, in Buenos Aires, Argentina September 2, 2019. REUTERS/Agustin Marcarian

BUENOS AIRES (Reuters) - Argentina’s central bank lowered its benchmark interest rate to 44% from 48% on Thursday, it said in a statement.

The bank said it cut the rate as a result of a deceleration in inflation.

Earlier on Thursday, the official statistics agency reported that consumer prices rose 2.3% in January, marking a deceleration from a month earlier when consumer prices rose 3.7%.

Reporting by Nicolas Misculin; Writing by Cassandra Garrison; Editing by Sandra Maler

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below