Unexpectedly, the central bank lowered the benchmark interest rate in anticipation of a slowdown in inflation. Amidst decreasing monthly inflation and the peso’s continued appreciation against the US dollar in parallel markets, the Central Bank of Argentina made an unexpected decision to decrease its benchmark interest rate from 100% to 80%. The monetary authority explained … Read more
Spenders and savers in Argentina are in for a nightmare this month and next as the economy experiences a rare time of abnormality. The primary goal of the first hundred days of Alberto Fernández’s presidency, which now seem like another century, was to revive the country by forming a socioeconomic council consisting of the conventional … Read more
The biggest employer in Argentina, small and medium-sized enterprises saw their spending fall 25.5% year-over-year in February, continuing a streak of double-digit declines. As Argentina sinks further into recession due to President Javier Milei’s austerity measures, consumers have little choices for protecting themselves against spiraling prices. Argentine business organization CAME released statistics on Sunday evening … Read more