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LatinNews Daily - 31 October 2019

In brief: Argentina's central bank cuts benchmark interest rate

* Argentina’s central bank (BCRA) has lowered its minimum benchmark interest rate, the Leliq, by five percentage points to 63%, as it seeks to reduce inflation and promote economic activity amid “the current context of high uncertainty”. This decision comes after the BCRA tightened currency controls earlier this week, imposing strict restrictions on the purchase of US dollars (now limited to a maximum of US$200 per month), which the bank notes tends to increase demand for assets in Argentine pesos. 

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