Argentina to hold interest rate at 97% after inflation undershoot - bank sources
Published on: Thursday 15 June 2023
Argentina's central bank is set to hold the country's benchmark interest rate unchanged at 97% when its board meets on Thursday, after monthly inflation slowed in May and came in below analyst forecasts, two bank sources told Reuters. Argentina's leaders have been forced to massively tighten monetary policy to rein in inflation that is running at 114% on an annual basis and to protect the sliding peso currency.
