Posted 4/8/2024, 2:15:09 PM
Argentina Inflation Slows, Raising Prospects for Interest Rate Cut
- Argentina analysts expect March inflation reading this week, estimate around 10% monthly rate
- Possible interest rate cut if inflation continues to slow from peak of over 25% in December
- President Javier Milei shared article suggesting rate cut is coming due to inflation deceleration
- Argentina battling high inflation over 275% annually despite poverty and economic impacts
- Milei's tough policies stabilized markets and peso, but economy risks sparking social unrest
