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LatinNews Daily - 31 January 2020
In brief: Argentina’s central bank cuts benchmark interest rate
* Argentina’s central bank (BCRA) has lowered its benchmark interest rate, the Leliq, from 50% to 48%. The BCRA says the board decided to cut the Leliq considering “the recessive conditions in which the economy has been performing, and with a view to defining a path of interest rates compatible with economic recovery”. This is the fifth reduction in the benchmark interest rate since President Alberto Fernández took over last December.
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- In brief: Argentina’s central bank cuts benchmark interest rate