BUENOS AIRES (Reuters) - The fixed-term deposit rate at Argentina's banks fell on Tuesday to an average 75% from a previous floor of 110%, traders told Reuters, after the central bank cut the benchmark interest rate in a surprise move a day earlier.
The central bank on Monday night to cut its reference rate to 80% from 100% previously, citing signs of a slowdown in sky-high inflation and a recovery of depleted net reserves since libertarian President Javier Milei took office in December.
(Reporting by Jorge Otaola; Editing by Adam Jourdan)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 970.6 ARS | -0.06% | -0.48% | - | ||
| 901.5 ARS | +0.28% | +0.56% | - | ||
| 1,576,628 PTS | +4.04% | +57.66% | - | ||
