Argentina's Cavallo criticizes central bank-media

ARGENTINA - Argentine Economy Minister Domingo Cavallo criticized the central bank on Apr 5 for keeping too tight a lid on bank deposits, arguing the lack of liquidity was partly responsible for high interest rates.

"During the past three years, the central bank had the necessary tools to expand liquidity and it didn't do so," Cavallo said, according to state news agency Telam. "That's why this is reflected in rising interest rates," he added, according to private news agency DyN.

The central bank

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