# Argentina cuts interest rate to 70% citing 'pronounced' inflation slowdown

> Argentina's central bank cut its benchmark interest rate by 10 points to 70%, its third adjustment, citing a pronounced inflation slowdown. Annual inflation is still running above 275%.

- Date: 2024-04-11 · published 2024-04-11T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/31028-argentina-cuts-interest-rate-to-70-citing-pronounced-inflation-slowdown
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

The rate cut signals policy confidence, which can firm the peso and influence farmer selling of Argentine grains and meal. The effect on world feed prices is modest.

## Read by commodity

- USDARS: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/americas/argentina-cuts-interest-rate-70-citing-pronounced-inflation-slowdown-2024-04-11/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.