Argentina’s Confidence Boosted by Second Rate Cut

In a bold move to combat skyrocketing inflation, the Argentine Central Bank has reduced its benchmark interest rate from 70% to 60%.

This decisive action marks the second 10-point rate cut this month, highlighting President Javier Milei's aggressive strategy to stabilize the economy.

With inflation climbing close to 300% annually, these cuts reflect growing confidence in the government's ability to manage economic turbulence.

This optimism stems from inflation rates decreasing faster than analysts predicted, signaling a potential turning point for Argentina's economic recovery.