الأرجنتين سعر الفائدة

Argentina’s central bank lowered its benchmark interest rate by 300bps to 32% on December 5, 2024, as inflation expectations fell. The decision followed the release of a market expectations survey by the central bank, in which analysts reduced their inflation forecasts for the year, projecting a rate of 118.8% by year-end and reflecting confidence in the country's improving inflation outlook. In October, the annual inflation rate in the nation was at 193%, the lowest level in eleven months, and marked the sixth successive month of easing cost pressure. Thursday's move marked the eighth rate reduction since President Javier Milei assumed office in December 2023, seen as a part of a broader strategy to support the weak economy. The South American GDP shrank by 1.7% yoy in Q2 of 2024, pointing to the fifth quarter of contraction, mainly due to declines in manufacturing production, construction, and wholesale & retail trade.