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Latin Times

National

Sana Khan

Argentina Cuts Benchmark Interest Rate After Inflation Crests Near 300%

Inflation Javier Milei Argentina

Articles of clothing are exchanged for a bag of pasta, some sugar, a few biscuits. Some items sell for a few hundred pesos -- the equivalent of a few dimes. (Credit: AFP)

Argentina's central bank slashed the benchmark interest rate on Tuesday, as inflation slowed in the last four months.

While the annual inflation has reached 300%, it is slowly decreasing under President Javier Milei's administration.

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