The central bank of Argentina has made another decision to lower its reference market rate, decreasing it from 70 to 60 percent. This decision was made after a previous reduction two weeks ago when the rate was lowered from 80 to 70 percent. The central bank cited an improved domestic economy with a fiscal surplus and decreased inflation as reasons for this rate cut. Under Javier Milei’s leadership as president since December, the rate has dropped four times from 133 percent to its current 60 percent.
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The Rosato paper factory, located in the province of Buenos Aires, is featured in an image accompanying this news.