Argentine central bank holds rate on its bonds with eye on inflation
Reference rate held at 30.25% ahead of second inflation figure release
The Central Bank of Argentina held its reference rate on its 35-day Lebac bonds at 30.25% on July 12 after months of easing, in an effort to keep inflation in check.
Since the end of April, the central bank has cut the rate almost every week, signalling confidence that consumer prices were falling.
Last month, the country's statistical agency, Indec, put out its first official inflation statistics after a period of reform. In May, monthly inflation was recorded at 4.2%. June's figure is due
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