Argentina traders bet on another big rate cut as inflation eases ...Middle East

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Argentina traders bet on another big rate cut as inflation eases
source : Devdiscourse ( Middle East ) () 125
Argentine market traders are betting the central bank will cut its benchmark interest rate again this week given the slowdown in monthly inflation and a planned Treasury debt auction, two money market sources and a brokerage told Reuters on Tuesday. The two Buenos Aires-based traders at major banks said the central bank would likely cut the overnight rate by five to 10 percentage points, which would follow three similar cuts since April when it dropped to 50% at the start of this month.

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