Argentina's central bank lowered the benchmark interest rate to 40% from 44...
FILE PHOTO: An entrance to the Central Bank of the Argentine Republic is pictured in Buenos Aires, Argentina October 28, 2019. REUTERS/Ricardo Moraes
BUENOS AIRES - Argentina’s central bank lowered the benchmark interest rate to 40% from 44% on Wednesday, the seventh cut since the country’s new Peronist government took over in December. The bank said the cut was based on a slowdown in inflation and that the move was aimed at helping revive economic growth, vital as the country looks to avoid defaulting on its debts.
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