Argentina's Central Bank Lowers Key Rate to 60%

Argentina’s Central Bank Lowers Key Rate to 60% - The cut was communicated to traders on local Siopel system - Milei said rate would be lowered whenever inflation falls Argentina’s central bank cut its key interest rate for the fourth time since President Javier Milei took office in December as officials bet on a sustained slowdown in inflation in the South American nation. Policymakers lowered rates to 60% from 70% on Thursday, according to people with direct knowledge of the …