KONTAN.CO.ID - BUENOS AIRES. Argentina's central bank board voted to keep the benchmark interest rate steady on Thursday, following better-than-expected September core inflation data, the bank said in a statement, pausing one of the world's most aggressive tightening cycles. Last week, Reuters reported exclusively that Argentina's central bank was expected to hold the key rate steady at 75%, ending a tightening cycle that has seen the benchmark rate hiked successively each month from 38% at the start of the year. The central bank said it "will continue monitoring the evolution of prices" and would continue to "actively employ" the monetary policy interest rate.
Argentina Central Bank Pauses Rate Hikes After Inflation Undershoot
KONTAN.CO.ID - BUENOS AIRES. Argentina's central bank board voted to keep the benchmark interest rate steady on Thursday, following better-than-expected September core inflation data, the bank said in a statement, pausing one of the world's most aggressive tightening cycles. Last week, Reuters reported exclusively that Argentina's central bank was expected to hold the key rate steady at 75%, ending a tightening cycle that has seen the benchmark rate hiked successively each month from 38% at the start of the year. The central bank said it "will continue monitoring the evolution of prices" and would continue to "actively employ" the monetary policy interest rate.