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Argentina's monthly inflation slowed to 13.2% in February from 20.6% in January, below expectations of 15%. Annual inflation rose to 276.2%, the fastest since the early 1990s.
The central bank surprised markets by cutting its rate to 80% from 100%.
Slowing inflation and a rate cut support peso stability, which can lessen pressure on Argentine farmers to sell grain and meal, though recession is curbing domestic demand.
batimes.com.arJames GraingerMar 12, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
