Argentina has lowered its interest rates by 1.51 percentage points, from 28.75% to an annual rate of 27.24%.
The key rates a tool used by Central Banks to implement monetary policy.
A reduction in interest rates counters a weakening of prices, or a possible deflationary situation. It also revitalizes the economy and helps to increase exports.
This change is the first to have taken place since on November15th 2017, when the Central Bank lowered interest rates by 1.51 percentage points to 28.75%.
Here we show you the progression of interest rates in Argentina. You can see interest rates in other countries in interest rates and see all the economic information about Argentina in Argentina economy.